Short Interest in Invesco Top QQQ ETF (NASDAQ:QBIG) Decreases By 19.9%

Invesco Top QQQ ETF (NASDAQ:QBIG) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 6,729 shares, a decrease of 19.9% from the February 26th total of 8,404 shares. Based on an average trading volume of 8,726 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Top QQQ ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its stake in Invesco Top QQQ ETF by 11.9% in the 1st quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock valued at $521,000 after purchasing an additional 2,103 shares during the last quarter. Bank of America Corp DE increased its position in Invesco Top QQQ ETF by 3,833.0% during the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after buying an additional 3,833 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Invesco Top QQQ ETF during the third quarter worth approximately $648,000. Financial & Tax Architects LLC bought a new stake in Invesco Top QQQ ETF in the fourth quarter valued at approximately $275,000. Finally, ATX Financial Planning LLC bought a new stake in Invesco Top QQQ ETF in the fourth quarter valued at approximately $1,344,000.

Invesco Top QQQ ETF Price Performance

Shares of QBIG stock opened at $34.07 on Wednesday. The stock has a market cap of $39.18 million, a P/E ratio of 36.25 and a beta of 1.59. The company has a fifty day moving average price of $36.11 and a two-hundred day moving average price of $37.67. Invesco Top QQQ ETF has a one year low of $22.39 and a one year high of $40.70.

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.