Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Expands By 111.6%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 76,655 shares, an increase of 111.6% from the April 15th total of 36,227 shares. Based on an average trading volume of 120,123 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Trading of Invesco QQQ Income Advantage ETF

Several hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the third quarter worth $25,000. NewEdge Advisors LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 4th quarter worth approximately $29,000. Sunbelt Securities Inc. bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 4th quarter worth approximately $54,000. Geneos Wealth Management Inc. acquired a new stake in shares of Invesco QQQ Income Advantage ETF during the 4th quarter worth approximately $81,000. Finally, Osaic Holdings Inc. increased its position in shares of Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after purchasing an additional 1,177 shares during the period.

Invesco QQQ Income Advantage ETF Stock Down 0.9%

Shares of Invesco QQQ Income Advantage ETF stock opened at $56.63 on Friday. Invesco QQQ Income Advantage ETF has a 12-month low of $46.85 and a 12-month high of $57.33. The stock has a 50 day moving average price of $52.75 and a two-hundred day moving average price of $52.98. The stock has a market capitalization of $695.42 million, a P/E ratio of 31.47 and a beta of 0.90.

Invesco QQQ Income Advantage ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were issued a dividend of $0.4635 per share. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date was Monday, April 20th.

Invesco QQQ Income Advantage ETF Company Profile

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.