Short Interest in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Grows By 19.3%

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 669,700 shares, a growth of 19.3% from the November 15th total of 561,400 shares. Based on an average daily trading volume, of 1,732,200 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

A number of institutional investors have recently bought and sold shares of QQQM. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $27,000. Massmutual Trust Co. FSB ADV bought a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $29,000. Triad Wealth Partners LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $31,000. Finally, Rothschild Investment LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth approximately $36,000.

Invesco NASDAQ 100 ETF Trading Up 0.8 %

QQQM stock traded up $1.68 during midday trading on Friday, reaching $218.41. 1,437,039 shares of the company’s stock traded hands, compared to its average volume of 1,800,435. Invesco NASDAQ 100 ETF has a 52-week low of $162.74 and a 52-week high of $219.43. The stock has a market cap of $37.22 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock’s 50-day moving average is $207.35 and its 200 day moving average is $199.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.55%.

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.