Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Up 145.0% in July

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 688,800 shares, an increase of 145.0% from the June 30th total of 281,200 shares. Based on an average daily trading volume, of 1,568,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

Large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in shares of Invesco NASDAQ 100 ETF by 536.4% in the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after purchasing an additional 879,707 shares during the period. Money Design Co. Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 126.0% in the 4th quarter. Money Design Co. Ltd. now owns 785,015 shares of the company’s stock worth $132,306,000 after purchasing an additional 437,683 shares during the period. Cetera Advisor Networks LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 136.7% in the 4th quarter. Cetera Advisor Networks LLC now owns 747,395 shares of the company’s stock worth $125,966,000 after purchasing an additional 431,616 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $65,475,000. Finally, Hollencrest Capital Management lifted its position in shares of Invesco NASDAQ 100 ETF by 1,241.6% in the 1st quarter. Hollencrest Capital Management now owns 414,341 shares of the company’s stock worth $75,696,000 after purchasing an additional 383,458 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock traded up $2.00 during trading hours on Friday, hitting $190.55. The company had a trading volume of 2,458,116 shares, compared to its average volume of 1,749,020. The firm has a market cap of $29.25 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24. The company has a 50-day moving average price of $195.36 and a two-hundred day moving average price of $184.25.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.3199 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 annualized dividend and a yield of 0.67%.

Invesco NASDAQ 100 ETF Company Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.