Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Update

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 10,500 shares, an increase of 61.5% from the September 30th total of 6,500 shares. Based on an average trading volume of 2,700 shares, the short-interest ratio is currently 3.9 days.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Performance

Invesco Nasdaq Free Cash Flow Achievers ETF stock traded up $0.34 during midday trading on Tuesday, reaching $33.05. 23 shares of the company’s stock were exchanged, compared to its average volume of 2,928. The stock’s 50-day simple moving average is $31.91 and its 200 day simple moving average is $30.25. The firm has a market cap of $8.59 million, a price-to-earnings ratio of 31.80 and a beta of 1.34. Invesco Nasdaq Free Cash Flow Achievers ETF has a 52 week low of $23.79 and a 52 week high of $33.51.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.065 per share. The ex-dividend date was Monday, September 23rd. This is a positive change from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.03. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.79%.

Institutional Investors Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

A hedge fund recently bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Onyx Bridge Wealth Group LLC acquired a new position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 45,895 shares of the company’s stock, valued at approximately $1,391,000. Onyx Bridge Wealth Group LLC owned 22.95% of Invesco Nasdaq Free Cash Flow Achievers ETF as of its most recent SEC filing.

About Invesco Nasdaq Free Cash Flow Achievers ETF

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth.