Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Significant Decrease in Short Interest

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 123,385 shares, a drop of 32.9% from the June 30th total of 183,955 shares. Based on an average trading volume of 171,528 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors have recently bought and sold shares of the company. US Bancorp DE acquired a new position in Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth approximately $26,000. Realta Investment Advisors purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at approximately $29,000. PNC Financial Services Group Inc. raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 178.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock valued at $29,000 after buying an additional 501 shares during the period. Finally, Allworth Financial LP lifted its holdings in Invesco NASDAQ Next Gen 100 ETF by 183.3% in the fourth quarter. Allworth Financial LP now owns 850 shares of the company’s stock valued at $31,000 after acquiring an additional 550 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.0%

NASDAQ QQQJ opened at $43.97 on Friday. The business’s fifty day simple moving average is $44.44 and its 200-day simple moving average is $40.77. The firm has a market cap of $1.12 billion, a PE ratio of 22.27 and a beta of 1.12. Invesco NASDAQ Next Gen 100 ETF has a 52 week low of $32.46 and a 52 week high of $46.17.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.0091 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, June 22nd.

Invesco NASDAQ Next Gen 100 ETF Company Profile

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.