Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Update

Invesco Top QQQ ETF (NASDAQ:QBIG) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 7,668 shares, a growth of 34.9% from the January 15th total of 5,684 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 10,989 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 10,989 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the company’s shares are short sold.

Invesco Top QQQ ETF Trading Up 0.6%

Invesco Top QQQ ETF stock traded up $0.20 during midday trading on Tuesday, reaching $35.85. 7,723 shares of the stock traded hands, compared to its average volume of 8,849. The firm has a market cap of $41.23 million, a PE ratio of 36.25 and a beta of 1.59. Invesco Top QQQ ETF has a 12-month low of $22.39 and a 12-month high of $40.70. The company has a 50-day simple moving average of $38.01 and a two-hundred day simple moving average of $37.71.

Hedge Funds Weigh In On Invesco Top QQQ ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QBIG. Jane Street Group LLC grew its stake in shares of Invesco Top QQQ ETF by 11.9% in the first 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 in the last quarter. Bank of America Corp DE increased its holdings 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 worth $129,000 after purchasing an additional 3,833 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Invesco Top QQQ ETF in the 3rd quarter valued at about $648,000. Finally, Financial & Tax Architects LLC acquired a new position in shares of Invesco Top QQQ ETF during the fourth quarter worth about $275,000.

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.