Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Down 68.5% in August

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 14,012 shares, a drop of 68.5% from the July 30th total of 44,417 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 116,014 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Several institutional investors and hedge funds have recently made changes to their positions in QQA. Western Wealth Management LLC raised its holdings in shares of Invesco QQQ Income Advantage ETF by 13.4% during the first quarter. Western Wealth Management LLC now owns 36,870 shares of the company’s stock valued at $1,839,000 after purchasing an additional 4,360 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Invesco QQQ Income Advantage ETF by 784.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,819 shares of the company’s stock worth $240,000 after purchasing an additional 4,274 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Invesco QQQ Income Advantage ETF by 30.2% during the first quarter. Sunbelt Securities Inc. now owns 1,324 shares of the company’s stock worth $66,000 after acquiring an additional 307 shares in the last quarter. Talon Private Wealth LLC bought a new stake in Invesco QQQ Income Advantage ETF during the 1st quarter worth approximately $4,172,000. Finally, Gateway Wealth Partners LLC bought a new stake in Invesco QQQ Income Advantage ETF during the first quarter worth $398,000.

Invesco QQQ Income Advantage ETF Stock Performance

NASDAQ QQA opened at $55.71 on Thursday. The firm’s fifty day moving average price is $56.11 and its two-hundred day moving average price is $54.55. The stock has a market cap of $801.11 million, a PE ratio of 31.47 and a beta of 0.94. Invesco QQQ Income Advantage ETF has a fifty-two week low of $48.20 and a fifty-two week high of $58.53.

Invesco QQQ Income Advantage ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be given a dividend of $0.4827 per share. The ex-dividend date is Monday, August 24th.

About Invesco QQQ Income Advantage ETF

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.