Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Update

Invesco Top QQQ ETF (NASDAQ:QBIG) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,729 shares, a decrease of 19.9% from the February 26th total of 8,404 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 8,726 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its position in shares of Invesco Top QQQ ETF by 11.9% during the 1st quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock valued at $521,000 after purchasing an additional 2,103 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco Top QQQ ETF by 3,833.0% in the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after buying an additional 3,833 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Invesco Top QQQ ETF in the third quarter worth approximately $648,000. Financial & Tax Architects LLC bought a new stake in Invesco Top QQQ ETF during the fourth quarter valued at approximately $275,000. Finally, ATX Financial Planning LLC bought a new stake in Invesco Top QQQ ETF during the fourth quarter valued at approximately $1,344,000.

Invesco Top QQQ ETF Stock Performance

Shares of QBIG stock traded up $1.40 on Tuesday, reaching $34.07. The stock had a trading volume of 7,629 shares, compared to its average volume of 8,261. Invesco Top QQQ ETF has a 1 year low of $22.39 and a 1 year high of $40.70. The stock has a market cap of $39.18 million, a P/E ratio of 36.25 and a beta of 1.59. The company has a 50 day simple moving average of $36.16 and a 200 day simple moving average of $37.69.

About Invesco Top QQQ ETF

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.