Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Update

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 317,877 shares, a growth of 75.1% from the August 15th total of 181,518 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 148,307 shares, the short-interest ratio is presently 2.1 days.

Invesco NASDAQ Next Gen 100 ETF Stock Down 0.5%

Shares of QQQJ traded down $0.21 during mid-day trading on Wednesday, hitting $43.93. 175,053 shares of the company’s stock were exchanged, compared to its average volume of 173,055. Invesco NASDAQ Next Gen 100 ETF has a 52 week low of $34.39 and a 52 week high of $46.94. The stock’s 50-day simple moving average is $45.01 and its 200-day simple moving average is $42.34. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 22.27 and a beta of 1.13.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds have recently added to or reduced their stakes in QQQJ. City Center Advisors LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the second quarter worth about $253,000. Western Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 1st quarter worth approximately $583,000. Royal Bank of Canada increased its stake in Invesco NASDAQ Next Gen 100 ETF by 62.5% in the first quarter. Royal Bank of Canada now owns 125,398 shares of the company’s stock valued at $4,541,000 after acquiring an additional 48,220 shares during the last quarter. Wealthfront Advisers LLC raised its position in Invesco NASDAQ Next Gen 100 ETF by 11.4% during the first quarter. Wealthfront Advisers LLC now owns 84,278 shares of the company’s stock valued at $3,052,000 after purchasing an additional 8,605 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Invesco NASDAQ Next Gen 100 ETF by 111.6% during the first quarter. International Assets Investment Management LLC now owns 1,481 shares of the company’s stock valued at $54,000 after purchasing an additional 781 shares in the last quarter.

Invesco NASDAQ Next Gen 100 ETF Company Profile

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.