Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Update

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 665,800 shares, a growth of 30.8% from the January 31st total of 509,000 shares. Based on an average trading volume of 2,081,200 shares, the days-to-cover ratio is presently 0.3 days.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM traded down $1.91 during mid-day trading on Thursday, hitting $204.74. The company had a trading volume of 458,920 shares, compared to its average volume of 2,362,174. Invesco NASDAQ 100 ETF has a 12 month low of $169.96 and a 12 month high of $222.64. The firm has a market cap of $40.65 billion, a P/E ratio of 33.44 and a beta of 1.18. The business’s 50-day simple moving average is $214.21 and its 200-day simple moving average is $207.41.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Smith Shellnut Wilson LLC ADV grew its position in Invesco NASDAQ 100 ETF by 18.6% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 16,297 shares of the company’s stock worth $3,430,000 after acquiring an additional 2,557 shares during the last quarter. Integrated Advisors Network LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $660,000. Ameriflex Group Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $860,000. United Advisor Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 125.1% in the fourth quarter. United Advisor Group LLC now owns 29,918 shares of the company’s stock valued at $6,296,000 after buying an additional 16,626 shares in the last quarter. Finally, Gould Capital LLC lifted its position in Invesco NASDAQ 100 ETF by 901.5% during the 4th quarter. Gould Capital LLC now owns 2,674 shares of the company’s stock worth $563,000 after buying an additional 2,407 shares in the last quarter.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.