Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Short Interest Update

Posted by Stacy Sanders on Sep 29th, 2024

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 4,200 shares, an increase of 50.0% from the August 31st total of 2,800 shares. Based on an average daily trading volume, of 30,300 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco Nasdaq Biotechnology ETF

An institutional investor recently bought a new position in Invesco Nasdaq Biotechnology ETF stock. Lake Street Advisors Group LLC bought a new stake in Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,917 shares of the company’s stock, valued at approximately $286,000. Lake Street Advisors Group LLC owned about 0.88% of Invesco Nasdaq Biotechnology ETF at the end of the most recent quarter.

Invesco Nasdaq Biotechnology ETF Price Performance

IBBQ stock opened at $23.70 on Friday. The company has a market cap of $35.31 million, a price-to-earnings ratio of 17.39 and a beta of 0.61. The company has a fifty day moving average price of $24.01 and a 200 day moving average price of $22.78. Invesco Nasdaq Biotechnology ETF has a 12 month low of $18.18 and a 12 month high of $24.84.

Invesco Nasdaq Biotechnology ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco Nasdaq Biotechnology ETF

(Get Free Report)

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.