Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Sees Large Decline in Short Interest

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 8,500 shares, a decline of 19.0% from the October 15th total of 10,500 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 3.5 days.

Invesco Nasdaq Free Cash Flow Achievers ETF Trading Down 2.2 %

Shares of NASDAQ QOWZ traded down $0.75 during trading hours on Friday, reaching $33.65. The stock had a trading volume of 649 shares, compared to its average volume of 2,907. The firm has a 50-day moving average of $32.64 and a 200-day moving average of $30.83. The firm has a market cap of $10.10 million, a price-to-earnings ratio of 31.80 and a beta of 1.34. Invesco Nasdaq Free Cash Flow Achievers ETF has a fifty-two week low of $23.79 and a fifty-two week high of $35.06.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.065 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.26 dividend on an annualized basis and a yield of 0.77%. This is a positive change from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.03.

Hedge Funds Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

A hedge fund recently raised its stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) by 25.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,564 shares of the company’s stock after acquiring an additional 20,237 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 38.68% of Invesco Nasdaq Free Cash Flow Achievers ETF worth $3,239,000 as of its most recent filing with the Securities and Exchange Commission.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth.