Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Update

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 76,655 shares, an increase of 111.6% from the April 15th total of 36,227 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 120,123 shares, the short-interest ratio is currently 0.6 days.

Invesco QQQ Income Advantage ETF Price Performance

Invesco QQQ Income Advantage ETF stock traded down $0.54 during mid-day trading on Friday, reaching $56.63. The company had a trading volume of 147,770 shares, compared to its average volume of 116,672. Invesco QQQ Income Advantage ETF has a 1 year low of $46.85 and a 1 year high of $57.33. The company has a market capitalization of $695.42 million, a P/E ratio of 31.47 and a beta of 0.90. The stock’s 50-day simple moving average is $52.75 and its 200-day simple moving average is $52.98.

Invesco QQQ Income Advantage ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were issued a $0.4635 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in QQA. Advisory Services Network LLC purchased a new position in Invesco QQQ Income Advantage ETF in the third quarter valued at about $25,000. NewEdge Advisors LLC purchased a new position in Invesco QQQ Income Advantage ETF in the fourth quarter valued at about $29,000. Sunbelt Securities Inc. purchased a new position in Invesco QQQ Income Advantage ETF in the fourth quarter valued at about $54,000. Geneos Wealth Management Inc. purchased a new position in Invesco QQQ Income Advantage ETF in the fourth quarter valued at about $81,000. Finally, Osaic Holdings Inc. raised its position in Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after acquiring an additional 1,177 shares during the last quarter.

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.