Short Interest in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Decreases By 19.0%

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 8,500 shares, a drop of 19.0% from the October 15th total of 10,500 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Trading of Invesco Nasdaq Free Cash Flow Achievers ETF

A hedge fund recently raised its stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,564 shares of the company’s stock after purchasing an additional 20,237 shares during the period. Wealth Enhancement Advisory Services LLC owned 38.68% of Invesco Nasdaq Free Cash Flow Achievers ETF worth $3,239,000 at the end of the most recent quarter.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Down 2.2 %

Invesco Nasdaq Free Cash Flow Achievers ETF stock traded down $0.75 during mid-day trading on Friday, hitting $33.65. 649 shares of the company’s stock traded hands, compared to its average volume of 2,907. Invesco Nasdaq Free Cash Flow Achievers ETF has a one year low of $23.79 and a one year high of $35.06. The company has a market cap of $10.10 million, a PE ratio of 31.80 and a beta of 1.34. The firm has a 50 day moving average price of $32.64 and a 200 day moving average price of $30.85.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.065 per share. This is a boost from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.26 annualized dividend and a yield of 0.77%.

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.