Short Interest in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Drops By 33.3%

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 400 shares, a decline of 33.3% from the December 31st total of 600 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

A hedge fund recently raised its stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) by 25.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,564 shares of the company’s stock after acquiring an additional 20,237 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 38.68% of Invesco Nasdaq Free Cash Flow Achievers ETF worth $3,239,000 at the end of the most recent quarter.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

Shares of QOWZ opened at $34.19 on Thursday. Invesco Nasdaq Free Cash Flow Achievers ETF has a 1-year low of $26.41 and a 1-year high of $35.47. The company has a market capitalization of $13.68 million, a P/E ratio of 31.80 and a beta of 1.34. The firm’s 50 day simple moving average is $34.26 and its 200 day simple moving average is $32.65.

Invesco Nasdaq Free Cash Flow Achievers ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.0941 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco Nasdaq Free Cash Flow Achievers ETF

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.