Invesco Top QQQ ETF (NASDAQ:QBIG) Stock Short Interest Jumps 3,547.1%

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 620 shares, an increase of 3,547.1% from the September 15th total of 17 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,480 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Top QQQ ETF Stock Performance

Shares of NASDAQ QBIG traded up $0.33 during mid-day trading on Friday, hitting $43.11. 2,248 shares of the stock were exchanged, compared to its average volume of 6,336. The company has a market cap of $34.49 million, a P/E ratio of 36.25 and a beta of 1.70. Invesco Top QQQ ETF has a twelve month low of $32.67 and a twelve month high of $43.41. The stock’s fifty day simple moving average is $41.62 and its two-hundred day simple moving average is $40.06.

Institutional Investors Weigh In On Invesco Top QQQ ETF

Several large investors have recently modified their holdings of the business. Polaris Financial Partners acquired a new stake in shares of Invesco Top QQQ ETF in the third quarter valued at about $406,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Invesco Top QQQ ETF in the 2nd quarter valued at $868,000. Finally, ATX Financial Planning LLC acquired a new position in Invesco Top QQQ ETF in the 4th quarter valued at $1,344,000.

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.