Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Down 32.4% in December

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 62,600 shares, a decrease of 32.4% from the December 15th total of 92,600 shares. Based on an average daily trading volume, of 92,100 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goodman Advisory Group LLC raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 114.6% during the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after buying an additional 731 shares during the last quarter. Modus Advisors LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $87,000. FMR LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 60.9% in the 3rd quarter. FMR LLC now owns 6,843 shares of the company’s stock worth $208,000 after purchasing an additional 2,591 shares in the last quarter. Purus Wealth Management LLC purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth $266,000. Finally, Goldstone Financial Group LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at about $330,000.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Shares of Invesco NASDAQ Next Gen 100 ETF stock traded up $0.07 during trading hours on Friday, hitting $31.78. The company’s stock had a trading volume of 79,946 shares, compared to its average volume of 123,850. The company has a market cap of $668.33 million, a PE ratio of 21.16 and a beta of 1.10. The business has a 50 day moving average price of $31.61 and a two-hundred day moving average price of $29.95. Invesco NASDAQ Next Gen 100 ETF has a 12-month low of $25.79 and a 12-month high of $32.95.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.0353 dividend. The ex-dividend date was Monday, December 23rd.

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.