Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Expands By 248.7%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 48,858 shares, an increase of 248.7% from the August 15th total of 14,012 shares. Based on an average trading volume of 103,557 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in Invesco QQQ Income Advantage ETF in the 2nd quarter worth approximately $255,000. NewEdge Advisors LLC boosted its holdings in shares of Invesco QQQ Income Advantage ETF by 292.6% in the 2nd quarter. NewEdge Advisors LLC now owns 18,920 shares of the company’s stock valued at $1,090,000 after acquiring an additional 14,101 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Invesco QQQ Income Advantage ETF by 2.0% in the second quarter. IFP Advisors Inc now owns 51,634 shares of the company’s stock worth $2,976,000 after acquiring an additional 1,017 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the second quarter worth $41,000. Finally, Western Wealth Management LLC increased its stake in shares of Invesco QQQ Income Advantage ETF by 13.4% in the first quarter. Western Wealth Management LLC now owns 36,870 shares of the company’s stock worth $1,839,000 after acquiring an additional 4,360 shares during the period.

Invesco QQQ Income Advantage ETF Price Performance

Invesco QQQ Income Advantage ETF stock traded up $0.42 during trading hours on Friday, hitting $56.16. 109,716 shares of the stock traded hands, compared to its average volume of 118,050. The firm’s 50 day moving average price is $55.91 and its 200-day moving average price is $54.85. The stock has a market capitalization of $807.58 million, a price-to-earnings ratio of 31.47 and a beta of 0.95. Invesco QQQ Income Advantage ETF has a 1 year low of $48.20 and a 1 year high of $58.53.

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.