Invesco Top QQQ ETF (NASDAQ:QBIG – Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 7,900 shares, a drop of 20.3% from the March 31st total of 9,916 shares. Based on an average daily trading volume, of 3,440 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.8% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of Invesco Top QQQ ETF by 3,833.0% during the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after purchasing an additional 3,833 shares in the last quarter. Financial & Tax Architects LLC purchased a new stake in shares of Invesco Top QQQ ETF in the fourth quarter worth about $275,000. Jane Street Group LLC lifted its position in shares of Invesco Top QQQ ETF by 11.9% in the first quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock worth $521,000 after buying an additional 2,103 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Invesco Top QQQ ETF during the third quarter valued at approximately $648,000. Finally, ATX Financial Planning LLC purchased a new position in Invesco Top QQQ ETF during the 4th quarter valued at approximately $1,344,000.
Invesco Top QQQ ETF Stock Performance
QBIG stock opened at $40.34 on Friday. The company’s fifty day moving average price is $36.30 and its 200-day moving average price is $37.64. Invesco Top QQQ ETF has a one year low of $27.00 and a one year high of $40.70. The company has a market capitalization of $40.34 million, a PE ratio of 36.25 and a beta of 1.72.
About Invesco Top QQQ ETF
The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.
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