Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Down 15.4% in March

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 451,500 shares, a decrease of 15.4% from the February 28th total of 533,600 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 2,441,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of large investors have recently bought and sold shares of QQQM. Milestone Asset Management Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $373,000. Life Line Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth about $270,000. Fulcrum Equity Management grew its holdings in Invesco NASDAQ 100 ETF by 265.7% during the 4th quarter. Fulcrum Equity Management now owns 6,352 shares of the company’s stock worth $1,337,000 after acquiring an additional 4,615 shares during the last quarter. Prostatis Group LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $222,000. Finally, Northeast Planning Associates INC. NH bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $224,000.

Invesco NASDAQ 100 ETF Stock Down 0.0 %

Shares of QQQM stock opened at $193.02 on Tuesday. The company has a market capitalization of $38.33 billion, a P/E ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $222.64. The firm has a 50-day moving average price of $208.90 and a 200 day moving average price of $208.02.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.3176 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date was Monday, March 24th.

Invesco NASDAQ 100 ETF Company Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.