Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Sees Large Increase in Short Interest

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 10,500 shares, an increase of 61.5% from the September 30th total of 6,500 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Onyx Bridge Wealth Group LLC acquired a new position in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 45,895 shares of the company’s stock, valued at approximately $1,391,000. Onyx Bridge Wealth Group LLC owned about 22.95% of Invesco Nasdaq Free Cash Flow Achievers ETF as of its most recent SEC filing.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

Invesco Nasdaq Free Cash Flow Achievers ETF stock traded up $0.34 during midday trading on Tuesday, reaching $33.05. The company’s stock had a trading volume of 23 shares, compared to its average volume of 2,928. The stock’s 50-day simple moving average is $31.91 and its 200-day simple moving average is $30.25. Invesco Nasdaq Free Cash Flow Achievers ETF has a 52-week low of $23.79 and a 52-week high of $33.51. The stock has a market capitalization of $8.59 million, a P/E ratio of 31.80 and a beta of 1.34.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.79%. This is a boost from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, September 23rd.

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.