Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Expands By 23.8%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 13,764 shares, an increase of 23.8% from the February 26th total of 11,120 shares. Based on an average daily volume of 91,742 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

A number of large investors have recently made changes to their positions in QQA. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ Income Advantage ETF by 95.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 112,497 shares of the company’s stock worth $5,920,000 after acquiring an additional 55,063 shares during the period. Apollon Wealth Management LLC acquired a new position in Invesco QQQ Income Advantage ETF during the 3rd quarter worth about $835,000. Perigon Wealth Management LLC bought a new stake in Invesco QQQ Income Advantage ETF in the third quarter valued at approximately $10,340,000. Stillwater Wealth Management Group acquired a new position in shares of Invesco QQQ Income Advantage ETF in the 3rd quarter valued at about $566,000. Finally, Brookstone Capital Management grew its stake in Invesco QQQ Income Advantage ETF by 1,041.6% during the third quarter. Brookstone Capital Management now owns 54,646 shares of the company’s stock worth $2,875,000 after purchasing an additional 49,859 shares during the period.

Invesco QQQ Income Advantage ETF Stock Performance

NASDAQ QQA traded down $0.34 during trading hours on Monday, reaching $48.41. 225,137 shares of the company’s stock were exchanged, compared to its average volume of 113,261. The company has a market capitalization of $487.97 million, a price-to-earnings ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a one year low of $39.86 and a one year high of $54.87. The company’s 50-day moving average is $52.04 and its two-hundred day moving average is $52.76.

Invesco QQQ Income Advantage ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.4338 per share. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco QQQ Income Advantage ETF Company Profile

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.