Short Interest in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Rises By 87.2%

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 67,200 shares, a growth of 87.2% from the January 15th total of 35,900 shares. Based on an average trading volume of 102,400 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth $30,000. National Bank of Canada FI raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 304.3% in the 4th quarter. National Bank of Canada FI now owns 2,080 shares of the company’s stock worth $64,000 after buying an additional 3,098 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth $87,000. Topsail Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth $93,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth $169,000.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Shares of QQQJ traded up $0.17 during midday trading on Friday, reaching $32.66. The stock had a trading volume of 58,432 shares, compared to its average volume of 103,024. Invesco NASDAQ Next Gen 100 ETF has a 52 week low of $26.23 and a 52 week high of $32.95. The firm’s 50 day moving average price is $31.85 and its 200-day moving average price is $30.52. The company has a market capitalization of $686.51 million, a P/E ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.0353 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ Next Gen 100 ETF Company Profile

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.