Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Up 34.9% in January

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 7,668 shares, a growth of 34.9% from the January 15th total of 5,684 shares. Based on an average trading volume of 10,989 shares, the short-interest ratio is currently 0.7 days. Currently, 0.7% of the shares of the stock are short sold. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 10,989 shares, the short-interest ratio is currently 0.7 days.

Invesco Top QQQ ETF Trading Down 1.4%

Shares of QBIG stock traded down $0.50 on Monday, reaching $35.62. The company’s stock had a trading volume of 6,113 shares, compared to its average volume of 8,887. The company has a market capitalization of $40.96 million, a price-to-earnings ratio of 36.25 and a beta of 1.59. Invesco Top QQQ ETF has a 1 year low of $22.39 and a 1 year high of $40.70. The stock’s fifty day simple moving average is $38.09 and its 200-day simple moving average is $37.70.

Institutional Investors Weigh In On Invesco Top QQQ ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC boosted its position in Invesco Top QQQ ETF by 10.0% during the 2nd quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock valued at $709,000 after acquiring an additional 1,975 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Invesco Top QQQ ETF by 2.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock valued at $676,000 after purchasing an additional 404 shares in the last quarter. Financial & Tax Architects LLC purchased a new stake in Invesco Top QQQ ETF in the 4th quarter worth $275,000. Finally, Bank of America Corp DE lifted its position in shares of Invesco Top QQQ ETF by 3,833.0% in the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after acquiring an additional 3,833 shares in the last quarter.

About Invesco Top QQQ ETF

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.