Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Down 76.6% in June

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 12,240 shares, a decline of 76.6% from the June 15th total of 52,415 shares. Based on an average daily volume of 125,765 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Invesco QQQ Income Advantage ETF Trading Down 1.4%

Invesco QQQ Income Advantage ETF stock traded down $0.81 during trading hours on Monday, reaching $56.43. 141,882 shares of the company were exchanged, compared to its average volume of 119,671. The firm has a market cap of $769.14 million, a price-to-earnings ratio of 31.47 and a beta of 0.92. The stock has a 50-day moving average of $56.83 and a 200 day moving average of $54.02. Invesco QQQ Income Advantage ETF has a 12 month low of $48.20 and a 12 month high of $58.53.

Invesco QQQ Income Advantage ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.5003 dividend. This is a positive change from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.43. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco QQQ Income Advantage ETF

Large investors have recently modified their holdings of the company. Sunbelt Securities Inc. increased its position in Invesco QQQ Income Advantage ETF by 30.2% during the first quarter. Sunbelt Securities Inc. now owns 1,324 shares of the company’s stock worth $66,000 after acquiring an additional 307 shares during the period. Kestra Advisory Services LLC raised its stake in Invesco QQQ Income Advantage ETF by 4.4% during the 1st quarter. Kestra Advisory Services LLC now owns 10,625 shares of the company’s stock valued at $530,000 after purchasing an additional 448 shares during the last quarter. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF during the 3rd quarter valued at $25,000. NewEdge Advisors LLC bought a new stake in Invesco QQQ Income Advantage ETF in the 4th quarter valued at $29,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Invesco QQQ Income Advantage ETF by 6.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,150 shares of the company’s stock valued at $591,000 after purchasing an additional 650 shares during the period.

Invesco QQQ Income Advantage ETF Company Profile

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.