Short Interest in Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Grows By 116.1%

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 6,700 shares, a growth of 116.1% from the January 31st total of 3,100 shares. Based on an average trading volume of 11,500 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Nasdaq Biotechnology ETF Stock Performance

Shares of IBBQ stock traded up $0.34 during trading hours on Friday, reaching $22.59. The company had a trading volume of 5,343 shares, compared to its average volume of 11,983. The business has a fifty day moving average price of $22.17 and a 200-day moving average price of $23.07. 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 $39.98 million, a PE ratio of 17.39 and a beta of 0.61.

Invesco Nasdaq Biotechnology ETF Dividend Announcement

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

Institutional Trading of Invesco Nasdaq Biotechnology ETF

Several large investors have recently added to or reduced their stakes in IBBQ. Strategic Financial Concepts LLC bought a new stake in Invesco Nasdaq Biotechnology ETF during the fourth quarter valued at approximately $1,699,000. Raymond James Financial Inc. bought a new stake in Invesco Nasdaq Biotechnology ETF during the fourth quarter valued at approximately $888,000. Tower Research Capital LLC TRC grew its position in Invesco Nasdaq Biotechnology ETF by 148.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 28,061 shares of the company’s stock valued at $604,000 after buying an additional 16,768 shares during the period. Finally, Advisory Services Network LLC grew its position in Invesco Nasdaq Biotechnology ETF by 5.8% during the fourth quarter. Advisory Services Network LLC now owns 53,609 shares of the company’s stock valued at $1,154,000 after buying an additional 2,922 shares during the period.

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.