Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Down 19.0% in October

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Onyx Bridge Wealth Group LLC purchased a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 45,895 shares of the company’s stock, valued at approximately $1,391,000. Onyx Bridge Wealth Group LLC owned 22.95% of Invesco Nasdaq Free Cash Flow Achievers ETF at the end of the most recent reporting period.

Invesco Nasdaq Free Cash Flow Achievers ETF Trading Down 2.2 %

Shares of NASDAQ:QOWZ traded down $0.75 during trading on Friday, hitting $33.65. 649 shares of the company’s stock traded hands, compared to its average volume of 2,907. Invesco Nasdaq Free Cash Flow Achievers ETF has a 52 week low of $23.79 and a 52 week high of $35.06. The company has a market cap of $10.10 million, a price-to-earnings ratio of 31.80 and a beta of 1.34. The company has a 50-day moving average price of $32.64 and a 200-day moving average price of $30.85.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

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

About Invesco Nasdaq Free Cash Flow Achievers ETF

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.