Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Up 145.0% in July

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 688,800 shares, a growth of 145.0% from the June 30th total of 281,200 shares. Based on an average trading volume of 1,568,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CFS Investment Advisory Services LLC grew its position in shares of Invesco NASDAQ 100 ETF by 0.8% in the 4th quarter. CFS Investment Advisory Services LLC now owns 7,347 shares of the company’s stock valued at $1,238,000 after purchasing an additional 57 shares during the period. Next Capital Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 3.6% in the fourth quarter. Next Capital Management LLC now owns 1,804 shares of the company’s stock valued at $304,000 after buying an additional 62 shares during the period. Madison Wealth Partners Inc increased its position in shares of Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock worth $824,000 after acquiring an additional 69 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Invesco NASDAQ 100 ETF by 4.1% during the first quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock worth $341,000 after acquiring an additional 74 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its position in Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,714 shares of the company’s stock valued at $794,000 after acquiring an additional 83 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.1 %

NASDAQ QQQM traded up $2.00 during trading on Friday, reaching $190.55. 2,458,116 shares of the stock traded hands, compared to its average volume of 1,749,020. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $207.24. The firm has a market cap of $29.25 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock’s 50-day moving average price is $195.36 and its 200 day moving average price is $184.25.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, June 24th.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.