Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ – Get 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
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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