Invesco Top QQQ ETF (NASDAQ:QBIG – Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 7,900 shares, a decline of 20.3% from the March 31st total of 9,916 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 3,440 shares, the short-interest ratio is currently 2.3 days.
Invesco Top QQQ ETF Trading Up 0.6%
Invesco Top QQQ ETF stock traded up $0.24 during midday trading on Thursday, reaching $39.85. 3,188 shares of the stock traded hands, compared to its average volume of 7,978. The firm has a fifty day moving average price of $36.22 and a two-hundred day moving average price of $37.62. The firm has a market cap of $39.85 million, a price-to-earnings ratio of 36.25 and a beta of 1.72. Invesco Top QQQ ETF has a fifty-two week low of $27.00 and a fifty-two week high of $40.70.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Invesco Top QQQ ETF by 3,833.0% during the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after purchasing an additional 3,833 shares during the period. Financial & Tax Architects LLC acquired a new position in Invesco Top QQQ ETF during the 4th quarter valued at about $275,000. Geneos Wealth Management Inc. acquired a new position in Invesco Top QQQ ETF during the 3rd quarter valued at about $648,000. Jane Street Group LLC boosted its stake in Invesco Top QQQ ETF by 11.9% during the 1st quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock valued at $521,000 after purchasing an additional 2,103 shares during the period. Finally, ATX Financial Planning LLC acquired a new position in Invesco Top QQQ ETF during the 4th quarter valued at about $1,344,000.
About Invesco Top QQQ ETF
The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.
See Also
Receive News & Ratings for Invesco Top QQQ ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Top QQQ ETF and related companies with MarketBeat.com's FREE daily email newsletter.
