Short Interest in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Expands By 19.3%

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 538,700 shares, a growth of 19.3% from the March 15th total of 451,500 shares. Based on an average daily trading volume, of 2,849,400 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.

Invesco NASDAQ 100 ETF Stock Down 2.4 %

NASDAQ:QQQM traded down $4.46 on Monday, reaching $178.40. 2,375,681 shares of the company’s stock traded hands, compared to its average volume of 2,125,891. The stock has a 50-day simple moving average of $198.68 and a 200-day simple moving average of $206.38. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $222.64. The firm has a market cap of $37.34 billion, a PE ratio of 30.31 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 26,756.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock worth $1,304,234,000 after buying an additional 6,174,281 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth $374,557,000. Invesco Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 14.4% during the 4th quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock valued at $1,962,081,000 after purchasing an additional 1,170,093 shares during the last quarter. IMC Chicago LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at about $208,737,000. Finally, Bank of Nova Scotia bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $158,702,000.

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.