Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Down 19.0% in October

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 8,500 shares, a drop of 19.0% from the October 15th total of 10,500 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 3.5 days.

Institutional Investors Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

A hedge fund recently raised its stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) by 25.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,564 shares of the company’s stock after buying an additional 20,237 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 38.68% of Invesco Nasdaq Free Cash Flow Achievers ETF worth $3,239,000 as of its most recent SEC filing.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

Shares of NASDAQ:QOWZ traded down $0.75 during trading hours on Friday, hitting $33.65. 649 shares of the company’s stock traded hands, compared to its average volume of 2,907. Invesco Nasdaq Free Cash Flow Achievers ETF has a 1 year low of $23.79 and a 1 year high of $35.06. The business has a fifty day moving average price of $32.64 and a 200-day moving average price of $30.85. The firm has a market capitalization of $10.10 million, a P/E ratio of 31.80 and a beta of 1.34.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.065 dividend. This is a positive change from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.03. This represents a $0.26 annualized dividend and a yield of 0.77%. The ex-dividend date was Monday, September 23rd.

About Invesco Nasdaq Free Cash Flow Achievers ETF

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth.