Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Up 124.1% in December

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 46,025 shares, an increase of 124.1% from the December 15th total of 20,536 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 76,049 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 76,049 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

Several hedge funds and other institutional investors have recently modified their holdings of QQA. Advisory Services Network LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF during the 3rd quarter worth $25,000. Osaic Holdings Inc. increased its stake in Invesco QQQ Income Advantage ETF by 235.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after purchasing an additional 1,177 shares in the last quarter. Cerity Partners LLC acquired a new stake in Invesco QQQ Income Advantage ETF during the 2nd quarter worth about $201,000. Barnett & Company Inc. acquired a new stake in Invesco QQQ Income Advantage ETF during the 3rd quarter worth about $221,000. Finally, Prospera Financial Services Inc purchased a new stake in Invesco QQQ Income Advantage ETF during the third quarter valued at about $233,000.

Invesco QQQ Income Advantage ETF Trading Up 0.0%

QQA stock traded up $0.01 during mid-day trading on Friday, hitting $53.60. 75,754 shares of the company were exchanged, compared to its average volume of 105,816. The company has a market capitalization of $510.81 million, a PE ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a twelve month low of $39.86 and a twelve month high of $54.87. The firm has a fifty day simple moving average of $53.25 and a 200 day simple moving average of $52.33.

Invesco QQQ Income Advantage ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.459 per share. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

Invesco QQQ Income Advantage ETF Company Profile

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.