Invesco Nasdaq International Innovators 100 ETF (NASDAQ:QQI) Sees Significant Drop in Short Interest

Invesco Nasdaq International Innovators 100 ETF (NASDAQ:QQI) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 1,072 shares, a decline of 90.1% from the October 15th total of 10,797 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 13,516 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Nasdaq International Innovators 100 ETF Stock Performance

NASDAQ:QQI opened at $24.68 on Wednesday. The firm has a market cap of $3.95 million and a P/E ratio of 19.39. Invesco Nasdaq International Innovators 100 ETF has a 52-week low of $23.66 and a 52-week high of $27.66.

Invesco Nasdaq International Innovators 100 ETF Company Profile

Invesco Nasdaq International Innovators 100 ETF (NASDAQ:QQI) is an exchange-traded fund managed by Invesco. The fund is designed to provide investors with diversified exposure to international companies identified by Nasdaq as innovators, rather than investing in a single company or industry. QQI seeks to track the Nasdaq International Innovators 100 Index, which is composed of companies headquartered outside the United States. The index emphasizes businesses that demonstrate characteristics associated with innovation, such as research and development activity, patent generation and other measures of technological or commercial advancement.