Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Up 66.7% in August

Invesco Top QQQ ETF (NASDAQ:QBIG) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,065 shares, a growth of 66.7% from the July 30th total of 1,239 shares. Based on an average daily trading volume, of 3,145 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Invesco Top QQQ ETF by 3,833.0% during the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after buying an additional 3,833 shares during the period. Jane Street Group LLC boosted its position in Invesco Top QQQ ETF by 11.9% during the 1st quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock worth $521,000 after acquiring an additional 2,103 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Invesco Top QQQ ETF in the second quarter worth $868,000. Finally, ATX Financial Planning LLC acquired a new position in shares of Invesco Top QQQ ETF during the fourth quarter valued at $1,344,000.

Invesco Top QQQ ETF Stock Performance

QBIG stock opened at $41.19 on Wednesday. Invesco Top QQQ ETF has a 1 year low of $32.67 and a 1 year high of $43.36. The stock has a market capitalization of $35.01 million, a price-to-earnings ratio of 36.25 and a beta of 1.72. The stock’s fifty day moving average is $40.15 and its two-hundred day moving average is $38.90.

Invesco Top QQQ ETF Company Profile

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.