Short Interest in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Drops By 32.9%

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 123,385 shares, a drop of 32.9% from the June 30th total of 183,955 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 171,528 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several institutional investors have recently modified their holdings of the business. City Center Advisors LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth approximately $253,000. Western Wealth Management LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 1st quarter worth approximately $583,000. Royal Bank of Canada lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 62.5% in the first quarter. Royal Bank of Canada now owns 125,398 shares of the company’s stock valued at $4,541,000 after buying an additional 48,220 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 11.4% in the first quarter. Wealthfront Advisers LLC now owns 84,278 shares of the company’s stock valued at $3,052,000 after buying an additional 8,605 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 111.6% in the first quarter. International Assets Investment Management LLC now owns 1,481 shares of the company’s stock valued at $54,000 after buying an additional 781 shares in the last quarter.

Invesco NASDAQ Next Gen 100 ETF Trading Up 1.0%

QQQJ stock opened at $43.96 on Friday. The business’s 50-day moving average price is $44.43 and its two-hundred day moving average price is $40.75. The firm has a market cap of $1.12 billion, a PE ratio of 22.27 and a beta of 1.12. Invesco NASDAQ Next Gen 100 ETF has a 1-year low of $32.46 and a 1-year high of $46.17.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.0091 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%.

Invesco NASDAQ Next Gen 100 ETF Company Profile

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.