Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Update

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 20,536 shares, a decline of 63.2% from the November 30th total of 55,808 shares. Based on an average trading volume of 106,172 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 106,172 shares, the short-interest ratio is presently 0.2 days.

Invesco QQQ Income Advantage ETF Stock Performance

Shares of NASDAQ QQA opened at $53.57 on Friday. The firm has a fifty day moving average of $53.29 and a 200 day moving average of $51.92. The firm has a market cap of $427.49 million, a PE ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a one year low of $39.86 and a one year high of $54.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.459 dividend. This is a positive change from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

Several large investors have recently bought and sold shares of the stock. Foundations Investment Advisors LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the second quarter valued at approximately $337,000. Brookstone Capital Management acquired a new stake in Invesco QQQ Income Advantage ETF during the 2nd quarter worth $240,000. Naples Global Advisors LLC boosted its stake in Invesco QQQ Income Advantage ETF by 151.3% during the 2nd quarter. Naples Global Advisors LLC now owns 17,830 shares of the company’s stock worth $895,000 after purchasing an additional 10,735 shares during the period. Cetera Investment Advisers grew its position in Invesco QQQ Income Advantage ETF by 3.9% during the 2nd quarter. Cetera Investment Advisers now owns 105,395 shares of the company’s stock worth $5,291,000 after purchasing an additional 3,988 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Invesco QQQ Income Advantage ETF by 8.2% in the second quarter. Invesco Ltd. now owns 2,432,690 shares of the company’s stock valued at $122,121,000 after purchasing an additional 184,133 shares during the period.

Invesco QQQ Income Advantage ETF Company Profile

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.