Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Sees Significant Growth in Short Interest

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 6,700 shares, a growth of 116.1% from the January 31st total of 3,100 shares. Based on an average trading volume of 11,500 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Invesco Nasdaq Biotechnology ETF

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC raised its holdings in Invesco Nasdaq Biotechnology ETF by 5.8% during the fourth quarter. Advisory Services Network LLC now owns 53,609 shares of the company’s stock worth $1,154,000 after acquiring an additional 2,922 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Invesco Nasdaq Biotechnology ETF by 148.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 28,061 shares of the company’s stock worth $604,000 after buying an additional 16,768 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco Nasdaq Biotechnology ETF in the 4th quarter valued at $888,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Invesco Nasdaq Biotechnology ETF in the 4th quarter valued at $1,699,000.

Invesco Nasdaq Biotechnology ETF Trading Up 1.5 %

IBBQ traded up $0.34 during midday trading on Friday, reaching $22.59. The company’s stock had a trading volume of 5,343 shares, compared to its average volume of 11,983. Invesco Nasdaq Biotechnology ETF has a twelve month low of $20.14 and a twelve month high of $24.84. The stock has a market cap of $39.98 million, a P/E ratio of 17.39 and a beta of 0.61. The company has a fifty day simple moving average of $22.17 and a 200 day simple moving average of $23.06.

Invesco Nasdaq Biotechnology ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.0619 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco Nasdaq Biotechnology ETF

The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.