Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Update

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 480,300 shares, an increase of 19.7% from the August 31st total of 401,100 shares. Based on an average daily trading volume, of 2,044,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC grew its stake in Invesco NASDAQ 100 ETF by 2.1% in the 2nd quarter. Anchor Investment Management LLC now owns 27,936 shares of the company’s stock valued at $5,506,000 after acquiring an additional 569 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $18,234,000. RiverFront Investment Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 12.1% during the 2nd quarter. RiverFront Investment Group LLC now owns 21,779 shares of the company’s stock worth $4,293,000 after purchasing an additional 2,353 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $1,788,000. Finally, KPP Advisory Services LLC lifted its stake in Invesco NASDAQ 100 ETF by 21.3% in the 2nd quarter. KPP Advisory Services LLC now owns 31,723 shares of the company’s stock valued at $6,253,000 after buying an additional 5,574 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock traded down $1.12 during midday trading on Friday, reaching $200.32. 2,105,434 shares of the company traded hands, compared to its average volume of 1,858,229. The firm has a market cap of $31.15 billion, a PE ratio of 34.39 and a beta of 1.18. The firm’s 50 day simple moving average is $192.66 and its two-hundred day simple moving average is $189.33. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Monday, September 23rd.

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.