Short Interest in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Declines By 36.7%

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 297 shares, a drop of 36.7% from the May 14th total of 469 shares. Based on an average daily volume of 5,106 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

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 lifted its stake in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,652 shares of the company’s stock after purchasing an additional 5,032 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 28.66% of Invesco Nasdaq Free Cash Flow Achievers ETF worth $4,155,000 at the end of the most recent reporting period.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

Shares of Invesco Nasdaq Free Cash Flow Achievers ETF stock traded down $0.25 during trading hours on Tuesday, reaching $33.86. The company’s stock had a trading volume of 974 shares, compared to its average volume of 2,495. The firm has a 50 day moving average price of $33.61 and a 200-day moving average price of $34.21. The stock has a market cap of $13.54 million, a P/E ratio of 36.92 and a beta of 0.99. Invesco Nasdaq Free Cash Flow Achievers ETF has a one year low of $30.58 and a one year high of $37.26.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0226 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02. This represents a $0.09 annualized dividend and a yield of 0.3%.

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. QOWZ was launched on Dec 6, 2023 and is issued by Invesco.