Short Interest in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Drops By 15.4%

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 451,500 shares, a decrease of 15.4% from the February 28th total of 533,600 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,441,500 shares, the days-to-cover ratio is currently 0.2 days.

Invesco NASDAQ 100 ETF Trading Down 4.7 %

QQQM traded down $9.12 during midday trading on Thursday, hitting $186.88. 1,940,595 shares of the company were exchanged, compared to its average volume of 1,969,311. The company’s 50 day simple moving average is $208.02 and its 200 day simple moving average is $207.92. The firm has a market capitalization of $38.15 billion, a price-to-earnings ratio of 30.31 and a beta of 1.15. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.3176 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 793.0% during the 4th quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock valued at $16,021,000 after purchasing an additional 67,604 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 26.4% in the third quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock worth $9,107,000 after acquiring an additional 9,469 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 9,318.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock worth $303,000 after acquiring an additional 1,491 shares in the last quarter. Bank of Montreal Can grew its position in shares of Invesco NASDAQ 100 ETF by 2,926.5% during the 3rd quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock valued at $4,208,000 after acquiring an additional 20,310 shares during the period. Finally, SeaCrest Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 9.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,154 shares of the company’s stock worth $243,000 after purchasing an additional 96 shares during the period.

Invesco NASDAQ 100 ETF Company Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.