Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Shares Shorted: Short Interest Up 412.9% in October

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 69,345 shares, a growth of 412.9% from the September 30th total of 13,521 shares. Based on an average trading volume of 137,294 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

Invesco QQQ Income Advantage ETF Price Performance

NASDAQ QQA traded up $0.57 during trading hours on Tuesday, hitting $55.53. The company’s stock had a trading volume of 38,989 shares, compared to its average volume of 118,911. Invesco QQQ Income Advantage ETF has a 12 month low of $48.20 and a 12 month high of $58.53. The company has a market cap of $915.13 million, a P/E ratio of 31.47 and a beta of 0.93. The company’s 50 day simple moving average is $56.45 and its two-hundred day simple moving average is $54.81.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

A number of large investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in Invesco QQQ Income Advantage ETF by 74.4% during the 1st quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock worth $19,142,000 after purchasing an additional 163,730 shares during the period. Private Advisor Group LLC lifted its stake in Invesco QQQ Income Advantage ETF by 11.7% during the 1st quarter. Private Advisor Group LLC now owns 189,100 shares of the company’s stock valued at $9,432,000 after acquiring an additional 19,776 shares during the period. SageGuard Financial Group LLC grew its holdings in Invesco QQQ Income Advantage ETF by 4.2% during the first quarter. SageGuard Financial Group LLC now owns 111,874 shares of the company’s stock worth $5,580,000 after acquiring an additional 4,506 shares during the period. Brookstone Capital Management purchased a new position in Invesco QQQ Income Advantage ETF in the third quarter valued at $4,220,000. Finally, Talon Private Wealth LLC purchased a new position in shares of Invesco QQQ Income Advantage ETF during the 1st quarter valued at approximately $4,172,000.

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.