Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Sees Large Decline in Short Interest

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 451,500 shares, a decline of 15.4% from the February 28th total of 533,600 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,441,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000. Nemes Rush Group LLC purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $32,000. Kieckhefer Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $32,000. Finally, Tucker Asset Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 122.0% during the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 111 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM traded up $0.79 during trading on Wednesday, hitting $195.39. 1,585,530 shares of the company were exchanged, compared to its average volume of 1,965,077. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $222.64. The stock has a 50 day moving average of $208.47 and a 200 day moving average of $208.01. The company has a market cap of $39.89 billion, a PE ratio of 30.31 and a beta of 1.15.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.3176 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date was Monday, March 24th.

Invesco NASDAQ 100 ETF Company Profile

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.