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Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Down 22.5% in September

kopsource ·  Sep 30, 2022 21:52

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ – Get Rating) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 210,000 shares, a drop of 22.5% from the August 31st total of 271,100 shares. Based on an average trading volume of 192,700 shares, the days-to-cover ratio is currently 1.1 days.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Shares of QQQJ traded down $0.25 on Friday, reaching $22.15. 134,795 shares of the company's stock traded hands, compared to its average volume of 297,088. The stock's 50 day simple moving average is $25.12 and its two-hundred day simple moving average is $25.54. Invesco NASDAQ Next Gen 100 ETF has a 52-week low of $22.13 and a 52-week high of $36.24.

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Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 20th were given a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from Invesco NASDAQ Next Gen 100 ETF's previous quarterly dividend of $0.04. The ex-dividend date was Monday, September 19th.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors and hedge funds have recently modified their holdings of QQQJ. JFS Wealth Advisors LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 33.4% in the first quarter. JFS Wealth Advisors LLC now owns 1,839 shares of the company's stock worth $53,000 after buying an additional 460 shares during the last quarter. Belpointe Asset Management LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 3.1% in the first quarter. Belpointe Asset Management LLC now owns 15,436 shares of the company's stock worth $448,000 after buying an additional 471 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 4.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 10,562 shares of the company's stock worth $307,000 after buying an additional 494 shares during the last quarter. Signature Securities Group Corporation increased its position in Invesco NASDAQ Next Gen 100 ETF by 1.8% in the second quarter. Signature Securities Group Corporation now owns 29,089 shares of the company's stock worth $677,000 after buying an additional 523 shares during the last quarter. Finally, Cetera Advisors LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 4.5% in the second quarter. Cetera Advisors LLC now owns 12,448 shares of the company's stock worth $290,000 after buying an additional 533 shares during the last quarter.

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