Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Sees Significant Increase in Short Interest

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 52,837 shares, an increase of 74.5% from the December 31st total of 30,280 shares. Based on an average daily volume of 31,830 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.3% of the company’s shares are sold short. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 31,830 shares, the days-to-cover ratio is presently 1.7 days.

Invesco ESG NASDAQ 100 ETF Stock Performance

NASDAQ:QQMG opened at $42.78 on Friday. Invesco ESG NASDAQ 100 ETF has a 52 week low of $27.34 and a 52 week high of $44.04. The firm’s fifty day moving average is $42.70 and its 200-day moving average is $41.30. The firm has a market cap of $175.40 million, a P/E ratio of 34.79 and a beta of 1.19.

Invesco ESG NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.0447 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco ESG NASDAQ 100 ETF’s previous quarterly dividend of $0.04.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

Several institutional investors and hedge funds have recently made changes to their positions in QQMG. CWM LLC bought a new stake in Invesco ESG NASDAQ 100 ETF in the third quarter worth approximately $48,000. AE Wealth Management LLC grew its position in shares of Invesco ESG NASDAQ 100 ETF by 191.6% during the 3rd quarter. AE Wealth Management LLC now owns 2,283 shares of the company’s stock worth $94,000 after buying an additional 1,500 shares during the period. KFA Private Wealth Group LLC bought a new stake in shares of Invesco ESG NASDAQ 100 ETF in the 4th quarter valued at $206,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Invesco ESG NASDAQ 100 ETF during the 3rd quarter valued at $215,000. Finally, Western Wealth Management LLC bought a new position in Invesco ESG NASDAQ 100 ETF during the second quarter worth $221,000.

Invesco ESG NASDAQ 100 ETF Company Profile

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.