Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Update

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 669,700 shares, an increase of 19.3% from the November 15th total of 561,400 shares. Based on an average daily trading volume, of 1,732,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Triad Wealth Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $30,000. Portside Wealth Group LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at $351,000. Calton & Associates Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 7.9% during the 2nd quarter. Calton & Associates Inc. now owns 1,479 shares of the company’s stock valued at $292,000 after buying an additional 108 shares during the period. Raymond James & Associates boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.3% in the 2nd quarter. Raymond James & Associates now owns 362,358 shares of the company’s stock worth $71,424,000 after buying an additional 8,186 shares during the last quarter. Finally, Marshall Financial Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 8.2% in the second quarter. Marshall Financial Group LLC now owns 4,316 shares of the company’s stock worth $851,000 after acquiring an additional 328 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM traded up $1.68 during trading on Friday, reaching $218.41. 1,437,039 shares of the stock traded hands, compared to its average volume of 1,800,435. The stock has a market cap of $37.22 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock has a 50-day moving average of $207.35 and a two-hundred day moving average of $199.18. Invesco NASDAQ 100 ETF has a 52-week low of $162.74 and a 52-week high of $219.43.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.55%.

About Invesco NASDAQ 100 ETF

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.