Short Interest in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Grows By 19.7%

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 480,300 shares, an increase of 19.7% from the August 31st total of 401,100 shares. Based on an average trading volume of 2,044,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. CFS Investment Advisory Services LLC grew its holdings in Invesco NASDAQ 100 ETF by 0.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 7,347 shares of the company’s stock worth $1,238,000 after acquiring an additional 57 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after acquiring an additional 64 shares during the period. Marble Harbor Investment Counsel LLC grew its holdings in Invesco NASDAQ 100 ETF by 1.2% during the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after acquiring an additional 66 shares during the period. Madison Wealth Partners Inc increased its stake in Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock worth $824,000 after purchasing an additional 69 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Invesco NASDAQ 100 ETF by 4.1% in the 1st quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock worth $341,000 after purchasing an additional 74 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.6 %

NASDAQ:QQQM traded down $1.12 during mid-day trading on Friday, reaching $200.32. 2,105,434 shares of the stock were exchanged, compared to its average volume of 1,858,229. The business has a fifty day moving average price of $192.66 and a 200 day moving average price of $189.33. The firm has a market capitalization of $31.15 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $207.24.

Invesco NASDAQ 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, September 23rd.

Invesco NASDAQ 100 ETF Company Profile

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.