Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Short Interest Down 23.1% in March

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 31,777 shares, a drop of 23.1% from the March 15th total of 41,343 shares. Based on an average daily trading volume, of 18,078 shares, the short-interest ratio is presently 1.8 days. Approximately 0.8% of the shares of the stock are short sold.

Invesco ESG NASDAQ 100 ETF Trading Up 1.8%

Shares of Invesco ESG NASDAQ 100 ETF stock opened at $43.22 on Wednesday. Invesco ESG NASDAQ 100 ETF has a 12-month low of $29.10 and a 12-month high of $44.04. The stock has a market cap of $175.04 million, a PE ratio of 34.79 and a beta of 1.19. The company has a 50-day moving average of $41.01 and a two-hundred day moving average of $41.94.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.0436 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.17 dividend on an annualized basis and a yield of 0.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in QQMG. JPMorgan Chase & Co. purchased a new position in Invesco ESG NASDAQ 100 ETF in the fourth quarter valued at about $22,373,000. Goldman Sachs Group Inc. purchased a new position in shares of Invesco ESG NASDAQ 100 ETF during the 4th quarter worth approximately $22,162,000. Pearl Planning LLC purchased a new position in shares of Invesco ESG NASDAQ 100 ETF during the 4th quarter worth approximately $2,239,000. Citadel Advisors LLC purchased a new position in shares of Invesco ESG NASDAQ 100 ETF during the 3rd quarter worth approximately $1,590,000. Finally, Osaic Holdings Inc. increased its stake in shares of Invesco ESG NASDAQ 100 ETF by 64.4% during the 2nd quarter. Osaic Holdings Inc. now owns 74,924 shares of the company’s stock worth $2,834,000 after purchasing an additional 29,358 shares in the last quarter.

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.