Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Short Interest Up 207.1% in December

Posted by Grant Hamersma on Jan 15th, 2025

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 4,300 shares, an increase of 207.1% from the December 15th total of 1,400 shares. Based on an average daily trading volume, of 11,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Invesco Nasdaq Biotechnology ETF

A hedge fund recently bought a new stake in Invesco Nasdaq Biotechnology ETF stock. ORG Partners LLC bought a new position in shares of Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,067 shares of the company’s stock, valued at approximately $25,000. ORG Partners LLC owned approximately 0.07% of Invesco Nasdaq Biotechnology ETF as of its most recent filing with the Securities & Exchange Commission.

Invesco Nasdaq Biotechnology ETF Price Performance

Invesco Nasdaq Biotechnology ETF stock traded up $0.37 during trading hours on Wednesday, hitting $21.58. The company had a trading volume of 4,850 shares, compared to its average volume of 6,694. Invesco Nasdaq Biotechnology ETF has a one year low of $20.14 and a one year high of $24.84. The firm has a market cap of $38.20 million, a PE ratio of 17.39 and a beta of 0.61. The firm has a 50-day moving average of $22.45 and a 200 day moving average of $23.33.

Invesco Nasdaq Biotechnology ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.0619 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco Nasdaq Biotechnology ETF Company Profile

(Get Free Report)

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.