Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Large Growth in Short Interest

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJGet Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 317,877 shares, an increase of 75.1% from the August 15th total of 181,518 shares. Based on an average trading volume of 148,307 shares, the short-interest ratio is currently 2.1 days. Currently, 1.2% of the shares of the company are short sold.

Invesco NASDAQ Next Gen 100 ETF Trading Down 0.5%

Shares of NASDAQ:QQQJ traded down $0.21 on Wednesday, hitting $43.93. The company had a trading volume of 175,053 shares, compared to its average volume of 173,055. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 22.27 and a beta of 1.13. The stock has a 50 day moving average price of $45.01 and a 200 day moving average price of $42.34. Invesco NASDAQ Next Gen 100 ETF has a 1-year low of $34.39 and a 1-year high of $46.94.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds have recently bought and sold shares of QQQJ. International Assets Investment Management LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at approximately $26,000. Allworth Financial LP boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 183.3% in the 4th quarter. Allworth Financial LP now owns 850 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares during the period. Fifth Third Bancorp acquired a new position in Invesco NASDAQ Next Gen 100 ETF in the 1st quarter valued at $43,000. Modus Advisors LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $83,000. Finally, Bogart Wealth LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 191.9% during the 1st quarter. Bogart Wealth LLC now owns 3,938 shares of the company’s stock worth $143,000 after buying an additional 2,589 shares during the period.

About Invesco NASDAQ Next Gen 100 ETF

(Get Free Report)

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.

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