Short Interest in Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Grows By 207.1%

Posted by Renee Jackson on Jan 15th, 2025

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 4,300 shares, an increase of 207.1% from the December 15th total of 1,400 shares. Based on an average trading volume of 11,200 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Nasdaq Biotechnology ETF Stock Performance

NASDAQ IBBQ traded up $0.37 during trading hours on Wednesday, hitting $21.58. 4,850 shares of the company traded hands, compared to its average volume of 6,694. The business’s 50-day moving average is $22.45 and its 200-day moving average is $23.33. The stock has a market capitalization of $38.20 million, a price-to-earnings ratio of 17.39 and a beta of 0.61. Invesco Nasdaq Biotechnology ETF has a twelve month low of $20.14 and a twelve month high of $24.84.

Invesco Nasdaq Biotechnology ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.0619 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco Nasdaq Biotechnology ETF

An institutional investor recently bought a new position in Invesco Nasdaq Biotechnology ETF stock. ORG Partners LLC bought a new position in shares of Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,067 shares of the company’s stock, valued at approximately $25,000. ORG Partners LLC owned 0.07% of Invesco Nasdaq Biotechnology ETF at the end of the most recent quarter.

Invesco Nasdaq Biotechnology ETF Company Profile

(Get Free Report)

The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.