Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Significant Decrease in Short Interest

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 86,602 shares, a decline of 63.3% from the September 15th total of 236,212 shares. Based on an average daily trading volume, of 192,357 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Finward Bancorp bought a new position in Invesco NASDAQ Next Gen 100 ETF in the third quarter valued at approximately $227,000. City Center Advisors LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth approximately $253,000. Western Wealth Management LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 1st quarter worth approximately $583,000. Royal Bank of Canada raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 62.5% during the 1st quarter. Royal Bank of Canada now owns 125,398 shares of the company’s stock worth $4,541,000 after purchasing an additional 48,220 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 11.4% during the 1st quarter. Wealthfront Advisers LLC now owns 84,278 shares of the company’s stock worth $3,052,000 after purchasing an additional 8,605 shares in the last quarter.

Invesco NASDAQ Next Gen 100 ETF Trading Down 1.5%

Shares of NASDAQ QQQJ traded down $0.68 during mid-day trading on Wednesday, hitting $43.68. The company had a trading volume of 145,019 shares, compared to its average volume of 173,268. The company has a market capitalization of $1.16 billion, a PE ratio of 22.27 and a beta of 1.13. The firm has a 50-day simple moving average of $45.06 and a two-hundred day simple moving average of $43.36. Invesco NASDAQ Next Gen 100 ETF has a one year low of $34.39 and a one year high of $46.94.

About Invesco NASDAQ Next Gen 100 ETF

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.