Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Update

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 688,800 shares, a growth of 145.0% from the June 30th total of 281,200 shares. Based on an average trading volume of 1,568,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

Several institutional investors have recently bought and sold shares of QQQM. Whitaker Myers Wealth Managers LTD. lifted its position in shares of Invesco NASDAQ 100 ETF by 14.6% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 116,925 shares of the company’s stock valued at $23,047,000 after acquiring an additional 14,926 shares in the last quarter. Avion Wealth raised its stake in Invesco NASDAQ 100 ETF by 365.0% in the 2nd quarter. Avion Wealth now owns 465 shares of the company’s stock valued at $91,000 after purchasing an additional 365 shares during the last quarter. Harbour Investments Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 11.0% in the 2nd quarter. Harbour Investments Inc. now owns 6,927 shares of the company’s stock valued at $1,365,000 after purchasing an additional 684 shares in the last quarter. Bensler LLC lifted its holdings in Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Bensler LLC now owns 16,133 shares of the company’s stock valued at $3,180,000 after purchasing an additional 2,555 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV boosted its stake in Invesco NASDAQ 100 ETF by 1.5% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 13,432 shares of the company’s stock worth $2,648,000 after purchasing an additional 200 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.1 %

QQQM traded up $2.00 during midday trading on Friday, hitting $190.55. 2,458,116 shares of the company traded hands, compared to its average volume of 1,749,020. The business has a 50 day simple moving average of $195.36 and a two-hundred day simple moving average of $184.25. Invesco NASDAQ 100 ETF has a 52-week low of $140.84 and a 52-week high of $207.24. The company has a market capitalization of $29.25 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Monday, June 24th.

About Invesco NASDAQ 100 ETF

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.