Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Down 15.1% in February

Invesco Top QQQ ETF (NASDAQ:QBIG) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 8,404 shares, a decrease of 15.1% from the February 12th total of 9,903 shares. Based on an average daily volume of 4,052 shares, the short-interest ratio is currently 2.1 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 4,052 shares, the short-interest ratio is currently 2.1 days.

Invesco Top QQQ ETF Price Performance

Shares of NASDAQ QBIG traded up $0.11 during midday trading on Tuesday, reaching $35.71. 683 shares of the stock were exchanged, compared to its average volume of 7,970. Invesco Top QQQ ETF has a 12 month low of $22.39 and a 12 month high of $40.70. The company has a market capitalization of $41.07 million, a price-to-earnings ratio of 36.25 and a beta of 1.59. The business has a 50-day simple moving average of $36.97 and a two-hundred day simple moving average of $37.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QBIG. Bank of America Corp DE grew its stake in 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 during the period. Financial & Tax Architects LLC bought a new position in shares of Invesco Top QQQ ETF during the 4th quarter valued at about $275,000. Jane Street Group LLC lifted its holdings in shares of Invesco Top QQQ ETF by 11.9% during the 1st quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock valued at $521,000 after purchasing an additional 2,103 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Invesco Top QQQ ETF in the 3rd quarter valued at approximately $648,000. Finally, ATX Financial Planning LLC acquired a new position in shares of Invesco Top QQQ ETF in the 4th quarter valued at approximately $1,344,000.

Invesco Top QQQ ETF Company Profile

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.