Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Update

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 154,000 shares, a growth of 122.2% from the March 15th total of 69,300 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 116,800 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC boosted its holdings in Invesco NASDAQ Next Gen 100 ETF by 67.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 962 shares of the company’s stock valued at $28,000 after purchasing an additional 386 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Invesco NASDAQ Next Gen 100 ETF by 1.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 134,665 shares of the company’s stock worth $3,907,000 after acquiring an additional 1,672 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth $76,000. Novem Group purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at $2,013,000. Finally, Focus Partners Wealth acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $343,000.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

NASDAQ QQQJ opened at $27.59 on Wednesday. The business has a fifty day moving average price of $29.84 and a 200 day moving average price of $30.78. The company has a market cap of $558.15 million, a P/E ratio of 19.63 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a one year low of $24.89 and a one year high of $32.99.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.0454 dividend. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco NASDAQ Next Gen 100 ETF

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.