Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Down 19.9% in February

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 533,600 shares, a drop of 19.9% from the February 13th total of 665,800 shares. Based on an average daily trading volume, of 2,368,800 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Several hedge funds have recently made changes to their positions in QQQM. Financial Management Professionals Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $31,000. Kieckhefer Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $32,000. Nemes Rush Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $32,000. Finally, Tucker Asset Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 122.0% in the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after buying an additional 111 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.0 %

Invesco NASDAQ 100 ETF stock traded up $2.04 during trading hours on Wednesday, hitting $197.52. 603,684 shares of the company traded hands, compared to its average volume of 1,931,231. The firm has a market cap of $39.22 billion, a P/E ratio of 30.79 and a beta of 1.18. The firm’s 50-day simple moving average is $211.32 and its two-hundred day simple moving average is $207.53. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $222.64.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

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.