Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) Stock Short Interest Declines 58.8%

Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 49 shares, a drop of 58.8% from the September 30th total of 119 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 798 shares, the days-to-cover ratio is currently 0.1 days.

Invesco QQQ Hedged Advantage ETF Stock Down 2.1%

QQHG stock traded down $1.38 during mid-day trading on Friday, reaching $64.69. 1,415 shares of the stock traded hands, compared to its average volume of 859. Invesco QQQ Hedged Advantage ETF has a 52 week low of $57.39 and a 52 week high of $68.70. The business has a 50-day moving average of $66.69 and a two-hundred day moving average of $63.91. The firm has a market capitalization of $3.23 million, a PE ratio of 32.70 and a beta of 0.79.

Institutional Investors Weigh In On Invesco QQQ Hedged Advantage ETF

A hedge fund recently bought a new position in Invesco QQQ Hedged Advantage ETF stock. Bank of America Corp DE purchased a new position in shares of Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company’s stock, valued at approximately $1,462,000. Bank of America Corp DE owned approximately 12.50% of Invesco QQQ Hedged Advantage ETF as of its most recent SEC filing.

Invesco QQQ Hedged Advantage ETF Company Profile

Invesco Actively Managed Exchange-Traded Fund Trust – Invesco QQQ Hedged Advantage ETF is an is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund is co-managed by Invesco Advisers, Inc The fund invests in public equity markets of global region. It invests directly and through derivatives in stocks of companies operating across communication services, consumer discretionary, consumer staples, energy, health care, industrials, information technology, materials, real estate and utilities sectors.