Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Up 154.5% in June

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 756 shares, an increase of 154.5% from the May 31st total of 297 shares. Based on an average daily trading volume, of 1,572 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,672 shares of the company’s stock, valued at approximately $275,000. Concurrent Investment Advisors LLC owned approximately 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 Price Performance

NASDAQ:QOWZ opened at $33.31 on Monday. Invesco Nasdaq Free Cash Flow Achievers ETF has a twelve month low of $30.58 and a twelve month high of $37.26. The business has a 50 day moving average price of $33.78 and a two-hundred day moving average price of $34.06. The company has a market cap of $13.32 million, a P/E ratio of 36.92 and a beta of 0.99.

Invesco Nasdaq Free Cash Flow Achievers ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.0311 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd.

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.