Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Decreases By 50.0%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 38,361 shares, a decrease of 50.0% from the April 30th total of 76,655 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 109,758 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Invesco QQQ Income Advantage ETF during the third quarter valued at $25,000. NewEdge Advisors LLC bought a new position in Invesco QQQ Income Advantage ETF during the fourth quarter valued at $29,000. Sunbelt Securities Inc. bought a new position in Invesco QQQ Income Advantage ETF during the fourth quarter valued at $54,000. Geneos Wealth Management Inc. bought a new position in Invesco QQQ Income Advantage ETF during the fourth quarter valued at $81,000. Finally, Osaic Holdings Inc. grew its holdings in Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after purchasing an additional 1,177 shares during the period.

Invesco QQQ Income Advantage ETF Trading Down 0.2%

Shares of QQA stock traded down $0.11 during trading on Wednesday, hitting $58.13. The company’s stock had a trading volume of 87,758 shares, compared to its average volume of 117,781. The company has a market cap of $713.84 million, a PE ratio of 31.47 and a beta of 0.90. The business has a fifty day moving average of $53.88 and a 200-day moving average of $53.21. Invesco QQQ Income Advantage ETF has a 52 week low of $48.20 and a 52 week high of $58.38.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a $0.4861 dividend. This is a boost from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend was Monday, May 18th.

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.