Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Sees Large Increase in Short Interest

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 756 shares, a growth of 154.5% from the May 31st total of 297 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,572 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Invesco Nasdaq Free Cash Flow Achievers ETF

An institutional investor recently raised its stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 114,652 shares of the company’s stock after buying an additional 5,032 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 28.66% of Invesco Nasdaq Free Cash Flow Achievers ETF worth $4,155,000 at the end of the most recent reporting period.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Performance

Invesco Nasdaq Free Cash Flow Achievers ETF stock traded up $0.36 during midday trading on Tuesday, reaching $33.94. The stock had a trading volume of 299 shares, compared to its average volume of 2,472. The stock’s 50-day simple moving average is $33.78 and its 200 day simple moving average is $34.04. Invesco Nasdaq Free Cash Flow Achievers ETF has a twelve month low of $30.58 and a twelve month high of $37.26. The stock has a market capitalization of $13.58 million, a PE ratio of 36.92 and a beta of 0.99.

Invesco Nasdaq Free Cash Flow Achievers ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.0311 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth. QOWZ was launched on Dec 6, 2023 and is issued by Invesco.