Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Down 44.3% in November

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 62,000 shares, a drop of 44.3% from the October 31st total of 111,400 shares. Based on an average trading volume of 84,600 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QQQJ. MML Investors Services LLC lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 2.8% in the third quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock valued at $441,000 after acquiring an additional 394 shares in the last quarter. Goodman Advisory Group LLC lifted its holdings in Invesco NASDAQ Next Gen 100 ETF by 114.6% in the 2nd quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock worth $38,000 after purchasing an additional 731 shares in the last quarter. Essex Financial Services Inc. boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 1.2% in the 2nd quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock worth $2,335,000 after purchasing an additional 961 shares during the period. WealthCare Investment Partners LLC grew its holdings in Invesco NASDAQ Next Gen 100 ETF by 3.3% during the 3rd quarter. WealthCare Investment Partners LLC now owns 43,753 shares of the company’s stock valued at $1,320,000 after buying an additional 1,391 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 13.4% during the first quarter. Cetera Advisors LLC now owns 14,775 shares of the company’s stock valued at $427,000 after buying an additional 1,748 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.1 %

NASDAQ:QQQJ traded up $0.03 during trading hours on Thursday, hitting $32.02. 38,762 shares of the stock traded hands, compared to its average volume of 109,915. The stock has a 50 day moving average price of $30.52 and a 200 day moving average price of $29.00. The company has a market cap of $688.75 million, a price-to-earnings ratio of 21.16 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a 1 year low of $24.72 and a 1 year high of $32.23.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.046 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco NASDAQ Next Gen 100 ETF

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.