Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Down 31.2% in November

Posted by Amber O'Connor on Nov 29th, 2024

Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Get Free Report) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 561,400 shares, a decline of 31.2% from the October 31st total of 816,300 shares. Based on an average trading volume of 1,871,000 shares, the short-interest ratio is currently 0.3 days.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM traded up $1.80 during trading hours on Friday, reaching $209.80. 823,473 shares of the company traded hands, compared to its average volume of 1,814,462. The stock’s fifty day moving average is $203.97 and its 200 day moving average is $196.93. The stock has a market cap of $35.75 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $157.44 and a 1-year high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco NASDAQ 100 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QQQM. CarsonAllaria Wealth Management Ltd. bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at about $27,000. Massmutual Trust Co. FSB ADV bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth about $29,000. Triad Wealth Partners LLC bought a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $30,000. Legacy Investment Solutions LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth about $31,000. Finally, GAMMA Investing LLC bought a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $36,000.

About Invesco NASDAQ 100 ETF

(Get Free Report)

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.