Short Interest in Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Drops By 19.5%

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 49,554 shares, a decline of 19.5% from the February 12th total of 61,559 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 21,313 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 21,313 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

A number of hedge funds have recently added to or reduced their stakes in QQMG. Osaic Holdings Inc. grew its stake in Invesco ESG NASDAQ 100 ETF by 64.4% during the second quarter. Osaic Holdings Inc. now owns 74,924 shares of the company’s stock valued at $2,834,000 after acquiring an additional 29,358 shares in the last quarter. Perennial Investment Advisors LLC purchased a new position in Invesco ESG NASDAQ 100 ETF during the second quarter valued at approximately $584,000. Western Wealth Management LLC purchased a new stake in Invesco ESG NASDAQ 100 ETF during the second quarter worth $221,000. Onyx Bridge Wealth Group LLC purchased a new position in shares of Invesco ESG NASDAQ 100 ETF in the 3rd quarter valued at $1,120,000. Finally, Envestnet Asset Management Inc. bought a new stake in Invesco ESG NASDAQ 100 ETF during the second quarter valued at about $2,549,000.

Invesco ESG NASDAQ 100 ETF Trading Up 1.3%

QQMG stock traded up $0.52 during midday trading on Monday, hitting $41.08. The company’s stock had a trading volume of 6,179 shares, compared to its average volume of 28,860. Invesco ESG NASDAQ 100 ETF has a 12 month low of $27.34 and a 12 month high of $44.04. The firm’s 50-day moving average is $42.05 and its 200-day moving average is $41.86. The company has a market cap of $172.54 million, a PE ratio of 34.79 and a beta of 1.19.

Invesco ESG NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.0447 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco ESG NASDAQ 100 ETF’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend 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.