Short Interest in Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) Declines By 92.0%

Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 80 shares, a drop of 92.0% from the July 30th total of 1,005 shares. Based on an average daily trading volume, of 798 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco QQQ Hedged Advantage ETF

An institutional investor recently bought a new stake in Invesco QQQ Hedged Advantage ETF stock. Bank of America Corp DE bought a new position in shares of Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $1,462,000. Bank of America Corp DE owned about 12.50% of Invesco QQQ Hedged Advantage ETF as of its most recent filing with the Securities & Exchange Commission.

Invesco QQQ Hedged Advantage ETF Stock Performance

NASDAQ QQHG remained flat at $65.68 during trading on Tuesday. The company’s stock had a trading volume of 125 shares, compared to its average volume of 646. The stock has a market capitalization of $13.14 million, a P/E ratio of 32.70 and a beta of 0.83. Invesco QQQ Hedged Advantage ETF has a 12-month low of $56.11 and a 12-month high of $67.14. The firm’s fifty day moving average price is $65.74 and its 200 day moving average price is $63.33.

Invesco QQQ Hedged Advantage ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.0353 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.14 annualized dividend and a dividend yield of 0.2%.

Invesco QQQ Hedged Advantage ETF Company Profile

Invesco Actively Managed Exchange-Traded Fund Trust – Invesco QQQ Hedged Advantage ETF is an is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund is co-managed by Invesco Advisers, Inc The fund invests in public equity markets of global region. It invests directly and through derivatives in stocks of companies operating across communication services, consumer discretionary, consumer staples, energy, health care, industrials, information technology, materials, real estate and utilities sectors.