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
About Invesco Nasdaq Biotechnology ETF
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.
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