Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ – Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 24,000 shares, an increase of 228.8% from the June 30th total of 7,300 shares. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is presently 2.4 days.
Institutional Investors Weigh In On Invesco Nasdaq Biotechnology ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lake Street Advisors Group LLC purchased a new stake in shares of Invesco Nasdaq Biotechnology ETF during the first quarter worth $286,000. Eudaimonia Partners LLC purchased a new stake in shares of Invesco Nasdaq Biotechnology ETF during the first quarter worth $923,000. Finally, Eudaimonia Advisors LLC purchased a new stake in shares of Invesco Nasdaq Biotechnology ETF during the first quarter worth $1,568,000.
Invesco Nasdaq Biotechnology ETF Price Performance
NASDAQ IBBQ traded up $0.13 on Friday, hitting $24.48. The company had a trading volume of 8,795 shares, compared to its average volume of 15,818. The company has a market capitalization of $35.99 million, a PE ratio of 17.39 and a beta of 0.61. The company’s fifty day moving average price is $22.91 and its 200-day moving average price is $22.22. Invesco Nasdaq Biotechnology ETF has a 12-month low of $18.18 and a 12-month high of $24.74.
Invesco Nasdaq Biotechnology ETF Increases Dividend
About Invesco Nasdaq Biotechnology ETF
The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.
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