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

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 48,858 shares, an increase of 248.7% from the August 15th total of 14,012 shares. Based on an average daily trading volume, of 103,557 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QQA. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter worth about $255,000. NewEdge Advisors LLC boosted its position in Invesco QQQ Income Advantage ETF by 292.6% in the second quarter. NewEdge Advisors LLC now owns 18,920 shares of the company’s stock valued at $1,090,000 after buying an additional 14,101 shares in the last quarter. IFP Advisors Inc boosted its position in Invesco QQQ Income Advantage ETF by 2.0% in the second quarter. IFP Advisors Inc now owns 51,634 shares of the company’s stock valued at $2,976,000 after buying an additional 1,017 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Invesco QQQ Income Advantage ETF during the second quarter worth about $41,000. Finally, Western Wealth Management LLC grew its stake in Invesco QQQ Income Advantage ETF by 13.4% during the first quarter. Western Wealth Management LLC now owns 36,870 shares of the company’s stock worth $1,839,000 after buying an additional 4,360 shares during the last quarter.

Invesco QQQ Income Advantage ETF Price Performance

Shares of Invesco QQQ Income Advantage ETF stock traded down $0.61 during midday trading on Monday, hitting $55.55. 24,871 shares of the company were exchanged, compared to its average volume of 117,508. The firm has a 50 day simple moving average of $55.91 and a 200-day simple moving average of $54.87. The firm has a market cap of $798.74 million, a P/E ratio of 31.47 and a beta of 0.95. Invesco QQQ Income Advantage ETF has a 52 week low of $48.20 and a 52 week high of $58.53.

About Invesco QQQ Income Advantage ETF

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.