Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Shares Shorted: Short Interest Down 40.6% in September

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 34,199 shares, a decline of 40.6% from the September 15th total of 57,529 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 40,379 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Invesco Nasdaq Biotechnology ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC acquired a new position in Invesco Nasdaq Biotechnology ETF in the 3rd quarter valued at about $296,000. Ascentis Independent Advisors acquired a new stake in Invesco Nasdaq Biotechnology ETF during the 1st quarter worth approximately $31,000. Breakwater Capital Group acquired a new stake in Invesco Nasdaq Biotechnology ETF during the 1st quarter worth approximately $200,000. Finally, WMS Group LLC purchased a new position in shares of Invesco Nasdaq Biotechnology ETF in the 4th quarter valued at approximately $4,255,000.

Invesco Nasdaq Biotechnology ETF Stock Performance

Shares of NASDAQ:IBBQ opened at $33.93 on Thursday. The company has a 50-day simple moving average of $34.93 and a 200-day simple moving average of $32.07. Invesco Nasdaq Biotechnology ETF has a one year low of $25.55 and a one year high of $36.84. The stock has a market capitalization of $109.25 million, a price-to-earnings ratio of 17.03 and a beta of 0.60.

Invesco Nasdaq Biotechnology ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a dividend of $0.2304 per share. This is an increase from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.0342. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, September 21st.

Invesco Nasdaq Biotechnology ETF Company Profile

The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.