Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Sees Significant Increase in Short Interest

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 469 shares, a growth of 656.5% from the April 30th total of 62 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,029 shares, the short-interest ratio is presently 0.2 days.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

QOWZ stock remained flat at $33.86 during trading hours on Thursday. 7,408 shares of the company’s stock traded hands, compared to its average volume of 2,644. The stock has a market cap of $13.54 million, a P/E ratio of 36.92 and a beta of 0.98. Invesco Nasdaq Free Cash Flow Achievers ETF has a 12 month low of $30.58 and a 12 month high of $37.26. The stock has a 50 day moving average of $32.86 and a 200 day moving average of $34.27.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0226 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Trading of Invesco Nasdaq Free Cash Flow Achievers ETF

An institutional investor recently bought a new position in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC acquired a new position in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,672 shares of the company’s stock, valued at approximately $275,000. Concurrent Investment Advisors LLC owned about 1.92% of Invesco Nasdaq Free Cash Flow Achievers ETF at the end of the most recent quarter.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth. QOWZ was launched on Dec 6, 2023 and is issued by Invesco.