Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 130 shares, a growth of 165.3% from the October 15th total of 49 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 487 shares, the days-to-cover ratio is presently 0.3 days.
Hedge Funds 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 bought a new position in shares of Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 Stock Performance
Shares of NASDAQ:QQHG traded down $0.73 during midday trading on Friday, reaching $64.50. The company’s stock had a trading volume of 86 shares, compared to its average volume of 829. The firm has a market capitalization of $3.22 million, a price-to-earnings ratio of 25.48 and a beta of 0.84. The firm has a 50 day moving average price of $66.45 and a two-hundred day moving average price of $64.10. Invesco QQQ Hedged Advantage ETF has a fifty-two week low of $57.39 and a fifty-two week high of $68.70.
About Invesco QQQ Hedged Advantage ETF
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.
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