Investors Buy Large Volume of Invesco NASDAQ 100 ETF Put Options (NASDAQ:QQQM)

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 4,961 put options on the stock. This represents an increase of approximately 171% compared to the typical daily volume of 1,832 put options.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded up $0.03 on Wednesday, reaching $295.79. 542,923 shares of the stock were exchanged, compared to its average volume of 4,161,287. The company’s 50-day moving average price is $292.65 and its 200 day moving average price is $278.90. The firm has a market capitalization of $101.53 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $308.21.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Hedge funds have recently made changes to their positions in the company. Imprint Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $31,000. Investors Research Corp acquired a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $38,000. SJS Investment Consulting Inc. acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at $40,000. Osbon Capital Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $41,000. Finally, Versant Capital Management Inc purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $41,000.

Invesco NASDAQ 100 ETF Company Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.