Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Down 82.6% in August

Invesco Top QQQ ETF (NASDAQ:QBIG) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 360 shares, a decline of 82.6% from the August 15th total of 2,065 shares. Based on an average trading volume of 4,601 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Invesco Top QQQ ETF Stock Performance

QBIG stock traded up $0.47 during trading on Friday, hitting $41.57. 3,046 shares of the company traded hands, compared to its average volume of 6,781. The company has a 50-day moving average of $40.60 and a 200-day moving average of $39.17. Invesco Top QQQ ETF has a 1 year low of $32.67 and a 1 year high of $43.36. The firm has a market capitalization of $35.34 million, a PE ratio of 36.25 and a beta of 1.72.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in Invesco Top QQQ ETF by 3,833.0% during the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after buying an additional 3,833 shares during the period. Jane Street Group LLC raised its stake in shares of Invesco Top QQQ ETF by 11.9% during the first quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock valued at $521,000 after acquiring an additional 2,103 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Invesco Top QQQ ETF during the second quarter worth about $868,000. Finally, ATX Financial Planning LLC bought a new stake in shares of Invesco Top QQQ ETF in the fourth quarter worth about $1,344,000.

About Invesco Top QQQ ETF

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.