Short Interest in Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Decreases By 19.3%

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 9,200 shares, a decrease of 19.3% from the June 30th total of 11,400 shares. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Invesco ESG NASDAQ 100 ETF

Several hedge funds have recently added to or reduced their stakes in QQMG. Fingerlakes Wealth Management Inc. acquired a new position in Invesco ESG NASDAQ 100 ETF in the fourth quarter valued at about $300,000. Prism Advisors Inc. lifted its stake in Invesco ESG NASDAQ 100 ETF by 17.0% in the fourth quarter. Prism Advisors Inc. now owns 17,265 shares of the company’s stock valued at $481,000 after buying an additional 2,507 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Invesco ESG NASDAQ 100 ETF in the fourth quarter valued at about $2,318,000. Fermata Advisors LLC acquired a new position in Invesco ESG NASDAQ 100 ETF in the first quarter valued at about $221,000. Finally, Astoria Portfolio Advisors LLC. acquired a new stake in shares of Invesco ESG NASDAQ 100 ETF during the second quarter worth about $323,000.

Invesco ESG NASDAQ 100 ETF Trading Down 1.6 %

Shares of QQMG traded down $0.51 during trading hours on Tuesday, hitting $31.48. 10,734 shares of the stock traded hands, compared to its average volume of 11,244. Invesco ESG NASDAQ 100 ETF has a 1-year low of $23.42 and a 1-year high of $34.82. The firm has a market capitalization of $45.65 million, a PE ratio of 37.67 and a beta of 1.22. The business has a fifty day moving average of $32.77 and a 200-day moving average of $30.81.

Invesco ESG NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a $0.0441 dividend. This is a positive change from Invesco ESG NASDAQ 100 ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, June 24th. This represents a $0.18 annualized dividend and a yield of 0.56%.

Invesco ESG NASDAQ 100 ETF Company Profile

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.