Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Down 40.3% in January

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 27,481 shares, a decrease of 40.3% from the December 31st total of 46,025 shares. Based on an average daily volume of 107,504 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 107,504 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Perigon Wealth Management LLC purchased a new position in Invesco QQQ Income Advantage ETF in the third quarter worth $10,340,000. Invesco Ltd. raised its stake in Invesco QQQ Income Advantage ETF by 8.2% in the second quarter. Invesco Ltd. now owns 2,432,690 shares of the company’s stock valued at $122,121,000 after buying an additional 184,133 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Invesco QQQ Income Advantage ETF by 85.7% in the third quarter. Jones Financial Companies Lllp now owns 330,252 shares of the company’s stock worth $17,292,000 after acquiring an additional 152,432 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Invesco QQQ Income Advantage ETF by 331.5% during the second quarter. Jane Street Group LLC now owns 187,275 shares of the company’s stock worth $9,401,000 after acquiring an additional 143,879 shares during the last quarter. Finally, UBS Group AG acquired a new position in shares of Invesco QQQ Income Advantage ETF during the third quarter valued at about $6,230,000.

Invesco QQQ Income Advantage ETF Price Performance

Shares of NASDAQ:QQA traded down $0.23 during trading hours on Friday, hitting $53.55. The company’s stock had a trading volume of 14,079 shares, compared to its average volume of 111,736. Invesco QQQ Income Advantage ETF has a 52 week low of $39.86 and a 52 week high of $54.87. The firm’s fifty day moving average price is $53.36 and its 200 day moving average price is $52.54. The company has a market capitalization of $534.43 million, a price-to-earnings ratio of 31.47 and a beta of 0.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.4602 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46. This represents a c) annualized dividend and a dividend yield of 10.3%.

Invesco QQQ Income Advantage ETF Company Profile

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.