Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Update

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 360 shares, a drop of 82.6% from the August 15th total of 2,065 shares. Based on an average daily trading volume, of 4,601 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco Top QQQ ETF

Several large investors have recently made changes to their positions in QBIG. ATX Financial Planning LLC increased its stake in Invesco Top QQQ ETF by 17.6% during the 1st quarter. ATX Financial Planning LLC now owns 41,084 shares of the company’s stock valued at $1,400,000 after purchasing an additional 6,158 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Invesco Top QQQ ETF during the second quarter valued at $868,000. Jane Street Group LLC boosted its position in shares of Invesco Top QQQ ETF by 10.0% during the second quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock valued at $709,000 after buying an additional 1,975 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Invesco Top QQQ ETF by 3,833.0% during the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after buying an additional 3,833 shares during the last quarter.

Invesco Top QQQ ETF Stock Up 1.0%

Shares of QBIG traded up $0.43 during mid-day trading on Friday, hitting $41.53. 3,332 shares of the company’s stock traded hands, compared to its average volume of 6,782. The firm has a market capitalization of $35.30 million, a P/E ratio of 36.25 and a beta of 1.72. The business’s 50-day moving average price is $40.66 and its 200-day moving average price is $39.19. Invesco Top QQQ ETF has a 1 year low of $32.67 and a 1 year high of $43.36.

Invesco Top QQQ ETF Company Profile

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.