Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Short Interest Up 72.7% in May

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 96,528 shares, an increase of 72.7% from the May 14th total of 55,894 shares. Based on an average trading volume of 15,682 shares, the days-to-cover ratio is currently 6.2 days. Currently, 2.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its stake in Invesco ESG NASDAQ 100 ETF by 3.2% during the first quarter. Cetera Investment Advisers now owns 8,569 shares of the company’s stock valued at $339,000 after purchasing an additional 266 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its stake in Invesco ESG NASDAQ 100 ETF by 1.2% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 27,419 shares of the company’s stock valued at $1,162,000 after purchasing an additional 313 shares in the last quarter. Bank of America Corp DE raised its stake in Invesco ESG NASDAQ 100 ETF by 2.0% during the second quarter. Bank of America Corp DE now owns 18,500 shares of the company’s stock valued at $700,000 after purchasing an additional 360 shares in the last quarter. Federation des caisses Desjardins du Quebec purchased a new stake in Invesco ESG NASDAQ 100 ETF during the fourth quarter valued at $41,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Invesco ESG NASDAQ 100 ETF during the fourth quarter valued at $57,000.

Invesco ESG NASDAQ 100 ETF Trading Up 0.5%

Shares of NASDAQ:QQMG traded up $0.25 during midday trading on Wednesday, reaching $50.79. 4,582 shares of the company were exchanged, compared to its average volume of 24,412. The business’s fifty day moving average is $47.43 and its two-hundred day moving average is $43.84. Invesco ESG NASDAQ 100 ETF has a one year low of $35.84 and a one year high of $51.93. The stock has a market cap of $208.24 million, a PE ratio of 34.79 and a beta of 1.24.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.0436 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.3%.

Invesco ESG NASDAQ 100 ETF Company Profile

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.