Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Up 170.0% in February

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 11,120 shares, an increase of 170.0% from the February 12th total of 4,118 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 104,972 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 104,972 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco QQQ Income Advantage ETF Price Performance

NASDAQ QQA traded down $0.23 on Friday, reaching $51.24. 65,786 shares of the company’s stock traded hands, compared to its average volume of 109,243. The stock has a market cap of $516.50 million, a PE ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a 12 month low of $39.86 and a 12 month high of $54.87. The stock has a 50-day simple moving average of $52.72 and a 200 day simple moving average of $52.81.

Invesco QQQ Income Advantage ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.4511 per share. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Trading of Invesco QQQ Income Advantage ETF

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in shares of Invesco QQQ Income Advantage ETF during the third quarter valued at about $25,000. NewEdge Advisors LLC purchased a new position in shares of Invesco QQQ Income Advantage ETF in the fourth quarter worth about $29,000. Sunbelt Securities Inc. bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 4th quarter valued at about $54,000. Geneos Wealth Management Inc. purchased a new stake in Invesco QQQ Income Advantage ETF during the 4th quarter valued at about $81,000. Finally, Osaic Holdings Inc. boosted its holdings in Invesco QQQ Income Advantage ETF by 235.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after acquiring an additional 1,177 shares during the period.

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.