Invesco Top QQQ ETF (NASDAQ:QBIG) Sees Significant Growth in Short Interest

Invesco Top QQQ ETF (NASDAQ:QBIG) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,065 shares, a growth of 66.7% from the July 30th total of 1,239 shares. Based on an average trading volume of 3,145 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco Top QQQ ETF

Hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. acquired a new stake in Invesco Top QQQ ETF during the 2nd quarter worth about $51,000. Jane Street Group LLC boosted its holdings in shares of Invesco Top QQQ ETF by 10.0% in the second quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock worth $709,000 after buying an additional 1,975 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco Top QQQ ETF by 3,833.0% in the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after buying an additional 3,833 shares during the period. ATX Financial Planning LLC increased its position in shares of Invesco Top QQQ ETF by 17.6% in the first quarter. ATX Financial Planning LLC now owns 41,084 shares of the company’s stock worth $1,400,000 after acquiring an additional 6,158 shares in the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Invesco Top QQQ ETF in the second quarter worth approximately $868,000.

Invesco Top QQQ ETF Price Performance

Shares of QBIG traded down $0.23 during trading hours on Monday, hitting $41.40. 1,417 shares of the company were exchanged, compared to its average volume of 6,907. The company has a market capitalization of $35.19 million, a PE ratio of 36.25 and a beta of 1.72. The firm has a fifty day simple moving average of $40.06 and a 200-day simple moving average of $38.84. Invesco Top QQQ ETF has a one year low of $32.67 and a one year high of $43.36.

About Invesco Top QQQ ETF

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.