Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) Sees Significant Decline in Short Interest

Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 2,687 shares, a drop of 75.1% from the September 15th total of 10,802 shares. Based on an average daily trading volume, of 6,570 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco Nasdaq Future Gen 200 ETF

An institutional investor recently raised its stake in Invesco Nasdaq Future Gen 200 ETF stock. Envestnet Asset Management Inc. increased its stake in shares of Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) by 17.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,709 shares of the company’s stock after purchasing an additional 1,866 shares during the quarter. Envestnet Asset Management Inc. owned 2.40% of Invesco Nasdaq Future Gen 200 ETF worth $566,000 at the end of the most recent quarter.

Invesco Nasdaq Future Gen 200 ETF Stock Performance

Shares of Invesco Nasdaq Future Gen 200 ETF stock traded down $0.76 during trading hours on Monday, reaching $41.39. The company’s stock had a trading volume of 1,327 shares, compared to its average volume of 6,759. The firm has a 50 day moving average price of $43.72 and a 200-day moving average price of $41.76. Invesco Nasdaq Future Gen 200 ETF has a one year low of $31.17 and a one year high of $45.44.

Invesco Nasdaq Future Gen 200 ETF Company Profile

The Invesco NASDAQ Future Gen 200 ETF (QQQS) is an exchange-traded fund that is based on the Nasdaq Innovators Completion Cap index. The fund tracks an equal-weighted index of 200 NASDAQ-listed stocks selected based on the value of their patent portfolios. The portfolio excludes the largest 200 stocks listed on NASDAQ. QQQS was launched on Oct 13, 2022 and is managed by Invesco.