Short Interest in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Declines By 51.2%

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,100 shares, a decrease of 51.2% from the March 15th total of 4,300 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 6,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF during the 4th quarter worth about $581,000. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco Nasdaq Free Cash Flow Achievers ETF by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 101,732 shares of the company’s stock worth $3,408,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF by 30.9% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 118,994 shares of the company’s stock valued at $3,986,000 after buying an additional 28,123 shares during the period.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

Shares of NASDAQ:QOWZ traded down $0.51 during trading on Friday, hitting $29.38. The company had a trading volume of 5,163 shares, compared to its average volume of 5,810. The stock has a market cap of $14.69 million, a price-to-earnings ratio of 33.26 and a beta of 1.34. The company has a fifty day simple moving average of $31.95 and a two-hundred day simple moving average of $33.21. Invesco Nasdaq Free Cash Flow Achievers ETF has a one year low of $26.69 and a one year high of $35.47.

Invesco Nasdaq Free Cash Flow Achievers ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.0298 per share. The ex-dividend date was Monday, March 24th.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth.