Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Update

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 56,000 shares, a growth of 28.1% from the May 31st total of 43,700 shares. Based on an average daily volume of 88,800 shares, the short-interest ratio is currently 0.6 days.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Shares of NASDAQ:QQQJ opened at $27.87 on Friday. The company has a market capitalization of $675.29 million, a PE ratio of 21.16 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a 1 year low of $22.66 and a 1 year high of $29.29. The business has a fifty day moving average price of $27.76 and a two-hundred day moving average price of $27.58.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.0867 per share. This is a boost from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.07. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Monday, June 24th.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $5,555,000. Trilogy Capital Inc. grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 60.1% during the 1st quarter. Trilogy Capital Inc. now owns 176,091 shares of the company’s stock valued at $5,091,000 after purchasing an additional 66,075 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 124.5% in the first quarter. Brookstone Capital Management now owns 112,508 shares of the company’s stock worth $3,253,000 after purchasing an additional 62,396 shares during the period. Essex Financial Services Inc. raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 7.1% in the first quarter. Essex Financial Services Inc. now owns 82,813 shares of the company’s stock worth $2,394,000 after buying an additional 5,492 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 0.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 66,105 shares of the company’s stock valued at $1,784,000 after buying an additional 520 shares during the period.

About Invesco NASDAQ Next Gen 100 ETF

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.