Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 688,800 shares, a growth of 145.0% from the June 30th total of 281,200 shares. Based on an average daily volume of 1,568,700 shares, the short-interest ratio is currently 0.4 days.
Hedge Funds Weigh In On Invesco NASDAQ 100 ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in Invesco NASDAQ 100 ETF by 536.4% in the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after acquiring an additional 879,707 shares during the period. Money Design Co. Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 126.0% in the 4th quarter. Money Design Co. Ltd. now owns 785,015 shares of the company’s stock worth $132,306,000 after purchasing an additional 437,683 shares during the period. Cetera Advisor Networks LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 136.7% in the fourth quarter. Cetera Advisor Networks LLC now owns 747,395 shares of the company’s stock worth $125,966,000 after buying an additional 431,616 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $65,475,000. Finally, Hollencrest Capital Management increased its holdings in Invesco NASDAQ 100 ETF by 1,241.6% during the first quarter. Hollencrest Capital Management now owns 414,341 shares of the company’s stock valued at $75,696,000 after buying an additional 383,458 shares during the last quarter.
Invesco NASDAQ 100 ETF Price Performance
Invesco NASDAQ 100 ETF stock traded up $2.00 during midday trading on Friday, reaching $190.55. 2,458,116 shares of the company traded hands, compared to its average volume of 1,749,020. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24. The business has a 50 day moving average of $195.36 and a two-hundred day moving average of $184.25. The firm has a market capitalization of $29.25 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.
Invesco NASDAQ 100 ETF Cuts Dividend
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.
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