Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) Shares Shorted: Short Interest Down 67.6% in October

Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 2,778 shares, a decline of 67.6% from the October 15th total of 8,574 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 3,805 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco Nasdaq Future Gen 200 ETF

A hedge fund recently bought a new position in Invesco Nasdaq Future Gen 200 ETF stock. Greenline Wealth Management LLC bought a new stake in Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,870 shares of the company’s stock, valued at approximately $209,000. Greenline Wealth Management LLC owned 0.92% of Invesco Nasdaq Future Gen 200 ETF at the end of the most recent reporting period.

Invesco Nasdaq Future Gen 200 ETF Stock Performance

NASDAQ QQQS traded down $0.67 on Friday, reaching $37.38. The stock had a trading volume of 2,115 shares, compared to its average volume of 6,757. Invesco Nasdaq Future Gen 200 ETF has a 12-month low of $31.17 and a 12-month high of $45.44. The business’s 50-day moving average price is $41.30 and its 200 day moving average price is $40.21. The stock has a market cap of $19.81 million, a P/E ratio of 12.54 and a beta of 1.58.

Invesco Nasdaq Future Gen 200 ETF Company Profile

The Invesco NASDAQ Future Gen 200 ETF (QQQS) is an exchange-traded fund that is based on the Nasdaq Innovators Completion Cap index. The fund tracks an equal-weighted index of 200 NASDAQ-listed stocks selected based on the value of their patent portfolios. The portfolio excludes the largest 200 stocks listed on NASDAQ. QQQS was launched on Oct 13, 2022 and is managed by Invesco.