Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Stock Short Interest Declines 58.6%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 20,233 shares, a decline of 58.6% from the August 31st total of 48,858 shares. Based on an average trading volume of 104,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Invesco QQQ Income Advantage ETF Stock Performance

Shares of NASDAQ:QQA traded up $0.01 during midday trading on Tuesday, hitting $56.96. 86,770 shares of the stock were exchanged, compared to its average volume of 117,107. Invesco QQQ Income Advantage ETF has a 52-week low of $48.20 and a 52-week high of $58.53. The business’s fifty day simple moving average is $55.99 and its two-hundred day simple moving average is $55.25. The company has a market capitalization of $893.13 million, a PE ratio of 31.47 and a beta of 0.95.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

A number of institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in Invesco QQQ Income Advantage ETF by 74.4% during the first quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock valued at $19,142,000 after acquiring an additional 163,730 shares during the period. Private Advisor Group LLC raised its holdings in shares of Invesco QQQ Income Advantage ETF by 11.7% in the 1st quarter. Private Advisor Group LLC now owns 189,100 shares of the company’s stock worth $9,432,000 after buying an additional 19,776 shares in the last quarter. SageGuard Financial Group LLC lifted its position in shares of Invesco QQQ Income Advantage ETF by 4.2% during the 1st quarter. SageGuard Financial Group LLC now owns 111,874 shares of the company’s stock worth $5,580,000 after buying an additional 4,506 shares during the period. Brookstone Capital Management lifted its position in shares of Invesco QQQ Income Advantage ETF by 9.4% during the 1st quarter. Brookstone Capital Management now owns 89,715 shares of the company’s stock worth $4,475,000 after buying an additional 7,707 shares during the period. Finally, Talon Private Wealth LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the 1st quarter valued at $4,172,000.

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.