Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Up 54.6% in October

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 101,900 shares, a growth of 54.6% from the September 30th total of 65,900 shares. Based on an average trading volume of 97,200 shares, the days-to-cover ratio is presently 1.0 days.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.1 %

Invesco NASDAQ Next Gen 100 ETF stock traded up $0.03 during midday trading on Friday, hitting $29.92. The stock had a trading volume of 45,505 shares, compared to its average volume of 112,635. The firm’s fifty day moving average is $29.54 and its two-hundred day moving average is $28.45. The company has a market capitalization of $669.01 million, a PE ratio of 21.16 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a 52-week low of $22.66 and a 52-week high of $30.73.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.046 dividend. This represents a $0.18 annualized dividend and a yield of 0.61%. The ex-dividend date was Monday, September 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 1.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,368,026 shares of the company’s stock worth $38,127,000 after purchasing an additional 21,719 shares during the period. Denver PWM LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter valued at approximately $84,000. SteelPeak Wealth LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter valued at approximately $1,767,000. Cornerstone Wealth Management LLC boosted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 7.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 26,808 shares of the company’s stock valued at $747,000 after acquiring an additional 1,906 shares during the last quarter. Finally, Goodman Advisory Group LLC boosted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 114.6% during the 2nd quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 731 shares during the last quarter.

About Invesco NASDAQ Next Gen 100 ETF

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.