Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Up 54.6% in October

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 101,900 shares, an increase of 54.6% from the September 30th total of 65,900 shares. Based on an average daily trading volume, of 97,200 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 1.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,368,026 shares of the company’s stock valued at $38,127,000 after purchasing an additional 21,719 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 1.2% during the 2nd quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock valued at $2,335,000 after purchasing an additional 961 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter valued at about $1,767,000. WealthCare Investment Partners LLC increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 3.3% during the 3rd quarter. WealthCare Investment Partners LLC now owns 43,753 shares of the company’s stock valued at $1,320,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 7.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,395 shares of the company’s stock valued at $1,226,000 after purchasing an additional 3,000 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.1 %

NASDAQ:QQQJ traded up $0.03 during mid-day trading on Friday, reaching $29.92. The company’s stock had a trading volume of 45,505 shares, compared to its average volume of 112,635. Invesco NASDAQ Next Gen 100 ETF has a 12-month low of $22.66 and a 12-month high of $30.73. The firm’s fifty day moving average price is $29.54 and its two-hundred day moving average price is $28.45. The stock has a market cap of $669.01 million, a P/E ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.046 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ Next Gen 100 ETF Company Profile

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.