Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Down 32.9% in July

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 123,385 shares, a decrease of 32.9% from the June 30th total of 183,955 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 171,528 shares, the days-to-cover ratio is currently 0.7 days.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Invesco NASDAQ Next Gen 100 ETF stock opened at $43.97 on Friday. Invesco NASDAQ Next Gen 100 ETF has a 52 week low of $32.46 and a 52 week high of $46.17. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 22.27 and a beta of 1.12. The company has a 50 day moving average price of $44.44 and a 200 day moving average price of $40.77.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.0091 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QQQJ. US Bancorp DE acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the third quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth about $26,000. Realta Investment Advisors acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth about $29,000. PNC Financial Services Group Inc. boosted its position in Invesco NASDAQ Next Gen 100 ETF by 178.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock worth $29,000 after acquiring an additional 501 shares during the period. Finally, Allworth Financial LP grew its stake in Invesco NASDAQ Next Gen 100 ETF by 183.3% during the 4th quarter. Allworth Financial LP now owns 850 shares of the company’s stock valued at $31,000 after acquiring an additional 550 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.