Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Up 29.0% in September

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 8,000 shares, an increase of 29.0% from the August 31st total of 6,200 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Performance

QOWZ traded down $0.14 during trading on Friday, reaching $32.14. The stock had a trading volume of 4,024 shares, compared to its average volume of 2,999. The stock has a market cap of $7.07 million, a PE ratio of 31.80 and a beta of 1.34. Invesco Nasdaq Free Cash Flow Achievers ETF has a one year low of $23.79 and a one year high of $32.29. The business has a 50-day moving average of $30.86 and a 200-day moving average of $29.65.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.03.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

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.