Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Sees Large Increase in Short Interest

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 74,578 shares, a growth of 46.3% from the August 31st total of 50,971 shares. Based on an average trading volume of 10,415 shares, the short-interest ratio is presently 7.2 days. Approximately 1.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of QQMG. Envestnet Portfolio Solutions Inc. grew its stake in Invesco ESG NASDAQ 100 ETF by 6.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 81,810 shares of the company’s stock valued at $4,191,000 after buying an additional 5,167 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Invesco ESG NASDAQ 100 ETF by 6.5% in the second quarter. NewEdge Advisors LLC now owns 37,651 shares of the company’s stock valued at $1,929,000 after purchasing an additional 2,289 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Invesco ESG NASDAQ 100 ETF in the second quarter valued at $710,000. KFA Private Wealth Group LLC bought a new stake in shares of Invesco ESG NASDAQ 100 ETF during the 2nd quarter valued at $249,000. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of Invesco ESG NASDAQ 100 ETF by 4.6% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 23,429 shares of the company’s stock valued at $1,200,000 after purchasing an additional 1,036 shares during the period.

Invesco ESG NASDAQ 100 ETF Stock Performance

NASDAQ QQMG traded up $0.15 during trading on Thursday, hitting $51.99. 12,931 shares of the company’s stock traded hands, compared to its average volume of 23,050. The stock has a market capitalization of $218.36 million, a price-to-earnings ratio of 34.79 and a beta of 1.24. Invesco ESG NASDAQ 100 ETF has a 12-month low of $38.05 and a 12-month high of $52.20. The business has a 50 day moving average of $49.85 and a 200-day moving average of $47.88.

Invesco ESG NASDAQ 100 ETF Company Profile

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.