Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Down 19.9% in February

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 533,600 shares, a drop of 19.9% from the February 13th total of 665,800 shares. Based on an average daily trading volume, of 2,368,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Invesco NASDAQ 100 ETF Trading Up 1.0 %

Shares of QQQM traded up $2.04 during midday trading on Wednesday, hitting $197.52. The stock had a trading volume of 603,684 shares, compared to its average volume of 1,931,231. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64. The business has a 50-day simple moving average of $211.32 and a two-hundred day simple moving average of $207.53. The firm has a market cap of $39.22 billion, a P/E ratio of 30.79 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco NASDAQ 100 ETF

Several institutional investors have recently made changes to their positions in QQQM. Financial Management Professionals Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $31,000. Kieckhefer Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $32,000. Nemes Rush Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $32,000. Finally, Tucker Asset Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 122.0% during the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 111 shares during the period.

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.