Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Short Interest Up 60.0% in April

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 50,841 shares, an increase of 60.0% from the March 31st total of 31,777 shares. Based on an average trading volume of 28,391 shares, the short-interest ratio is presently 1.8 days. Approximately 1.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QQMG. Federation des caisses Desjardins du Quebec purchased a new stake in Invesco ESG NASDAQ 100 ETF during the 4th quarter worth $41,000. CWM LLC purchased a new stake in Invesco ESG NASDAQ 100 ETF during the 3rd quarter worth $48,000. Mcguire Capital Advisors Inc. purchased a new stake in Invesco ESG NASDAQ 100 ETF during the 4th quarter worth $57,000. AE Wealth Management LLC increased its stake in Invesco ESG NASDAQ 100 ETF by 191.6% during the 3rd quarter. AE Wealth Management LLC now owns 2,283 shares of the company’s stock worth $94,000 after buying an additional 1,500 shares during the period. Finally, KFA Private Wealth Group LLC purchased a new stake in Invesco ESG NASDAQ 100 ETF during the 4th quarter worth $206,000.

Invesco ESG NASDAQ 100 ETF Stock Performance

Shares of QQMG stock opened at $45.74 on Monday. Invesco ESG NASDAQ 100 ETF has a 52 week low of $31.55 and a 52 week high of $45.76. The company has a market cap of $187.53 million, a PE ratio of 34.79 and a beta of 1.19. The company’s fifty day simple moving average is $41.51 and its 200-day simple moving average is $42.10.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.0436 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.17 annualized dividend and a yield of 0.4%.

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.