Short Interest in Invesco Top QQQ ETF (NASDAQ:QBIG) Decreases By 62.5%

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,498 shares, a drop of 62.5% from the June 15th total of 3,996 shares. Based on an average daily volume of 6,128 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Invesco Top QQQ ETF Stock Performance

NASDAQ:QBIG opened at $40.33 on Monday. The company has a market cap of $34.28 million, a price-to-earnings ratio of 36.25 and a beta of 1.75. Invesco Top QQQ ETF has a twelve month low of $32.67 and a twelve month high of $43.36. The stock has a fifty day simple moving average of $40.64 and a 200-day simple moving average of $38.25.

Institutional Investors Weigh In On Invesco Top QQQ ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QBIG. Bank of America Corp DE boosted its position in Invesco Top QQQ ETF by 3,833.0% in the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after buying an additional 3,833 shares during the period. Financial & Tax Architects LLC purchased a new position in shares of Invesco Top QQQ ETF during the fourth quarter worth approximately $275,000. Jane Street Group LLC increased its position in shares of Invesco Top QQQ ETF by 11.9% during the first quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock worth $521,000 after acquiring an additional 2,103 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Invesco Top QQQ ETF by 2.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock valued at $676,000 after acquiring an additional 404 shares in the last quarter. Finally, ATX Financial Planning LLC bought a new stake in shares of Invesco Top QQQ ETF during the fourth quarter valued at approximately $1,344,000.

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.