Short Interest in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Drops By 32.4%

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 62,600 shares, a decrease of 32.4% from the December 15th total of 92,600 shares. Based on an average trading volume of 92,100 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QQQJ. Goodman Advisory Group LLC grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 114.6% during the 2nd quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 731 shares during the period. Modus Advisors LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at about $87,000. FMR LLC grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 60.9% during the 3rd quarter. FMR LLC now owns 6,843 shares of the company’s stock valued at $208,000 after acquiring an additional 2,591 shares during the period. Purus Wealth Management LLC purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth approximately $266,000. Finally, Goldstone Financial Group LLC purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth approximately $330,000.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.2 %

QQQJ stock traded up $0.07 during trading on Friday, reaching $31.78. The stock had a trading volume of 79,946 shares, compared to its average volume of 123,850. The stock’s 50 day moving average is $31.61 and its two-hundred day moving average is $29.95. The firm has a market cap of $668.33 million, a PE ratio of 21.16 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a 52 week low of $25.79 and a 52 week high of $32.95.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.0353 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ Next Gen 100 ETF Company Profile

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.