Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 26,400 shares, a growth of 10.0% from the July 15th total of 24,000 shares. Based on an average daily trading volume, of 10,300 shares, the days-to-cover ratio is currently 2.6 days.
Invesco Nasdaq Biotechnology ETF Price Performance
Shares of NASDAQ IBBQ traded up $0.47 during trading hours on Monday, hitting $24.29. 7,770 shares of the stock were exchanged, compared to its average volume of 15,569. Invesco Nasdaq Biotechnology ETF has a one year low of $18.18 and a one year high of $24.74. The company’s 50 day moving average is $23.31 and its 200 day moving average is $22.37. The firm has a market capitalization of $36.19 million, a P/E ratio of 17.39 and a beta of 0.61.
Invesco Nasdaq Biotechnology ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a $0.0506 dividend. This is an increase from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Monday, June 24th.
Hedge Funds Weigh In On Invesco Nasdaq Biotechnology ETF
About Invesco Nasdaq Biotechnology ETF
The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.
Featured Stories
- Five stocks we like better than Invesco Nasdaq Biotechnology ETF
- 3 Fintech Stocks With Good 2021 Prospects
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- 2 Option Strategies to Maximize Profits in a Bear Market
- What Is WallStreetBets and What Stocks Are They Targeting?
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for Invesco Nasdaq Biotechnology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Nasdaq Biotechnology ETF and related companies with MarketBeat.com's FREE daily email newsletter.