Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Short Interest Update

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 36,600 shares, a growth of 161.4% from the September 30th total of 14,000 shares. Based on an average trading volume of 13,800 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On Invesco ESG NASDAQ 100 ETF

A number of hedge funds have recently added to or reduced their stakes in QQMG. Astoria Portfolio Advisors LLC. bought a new position in shares of Invesco ESG NASDAQ 100 ETF in the 2nd quarter worth about $323,000. Fermata Advisors LLC boosted its stake in Invesco ESG NASDAQ 100 ETF by 64.1% in the second quarter. Fermata Advisors LLC now owns 11,907 shares of the company’s stock valued at $394,000 after acquiring an additional 4,651 shares during the period. Harbour Investments Inc. boosted its stake in Invesco ESG NASDAQ 100 ETF by 14.6% in the second quarter. Harbour Investments Inc. now owns 17,252 shares of the company’s stock valued at $571,000 after acquiring an additional 2,193 shares during the period. Prism Advisors Inc. grew its holdings in shares of Invesco ESG NASDAQ 100 ETF by 15.5% during the third quarter. Prism Advisors Inc. now owns 19,050 shares of the company’s stock valued at $637,000 after purchasing an additional 2,556 shares during the last quarter. Finally, Fingerlakes Wealth Management Inc. raised its position in shares of Invesco ESG NASDAQ 100 ETF by 115.2% during the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 23,742 shares of the company’s stock worth $786,000 after purchasing an additional 12,708 shares during the period.

Invesco ESG NASDAQ 100 ETF Stock Performance

Shares of QQMG stock traded up $0.21 during trading hours on Friday, hitting $33.97. 22,274 shares of the company were exchanged, compared to its average volume of 12,145. The stock has a market capitalization of $61.15 million, a price-to-earnings ratio of 37.67 and a beta of 1.22. Invesco ESG NASDAQ 100 ETF has a one year low of $23.42 and a one year high of $34.82. The business’s 50-day simple moving average is $33.02 and its two-hundred day simple moving average is $32.10.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.044 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.18 annualized dividend and a dividend yield of 0.52%.

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.