Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Decreases By 85.3%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 4,118 shares, a decline of 85.3% from the January 29th total of 28,069 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 111,684 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 111,684 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Invesco QQQ Income Advantage ETF Trading Up 1.1%

QQA traded up $0.58 during trading hours on Wednesday, hitting $52.68. The company’s stock had a trading volume of 71,594 shares, compared to its average volume of 110,938. The company has a 50-day simple moving average of $53.05 and a 200 day simple moving average of $52.76. The firm has a market capitalization of $531.01 million, a PE ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a fifty-two week low of $39.86 and a fifty-two week high of $54.87.

Invesco QQQ Income Advantage ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.4511 per share. The ex-dividend date of this dividend is Monday, February 23rd.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Several institutional investors have recently bought and sold shares of QQA. Foundations Investment Advisors LLC grew its position in Invesco QQQ Income Advantage ETF by 4.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,012 shares of the company’s stock valued at $369,000 after buying an additional 298 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the 3rd quarter worth approximately $25,000. NewEdge Advisors LLC bought a new position in shares of Invesco QQQ Income Advantage ETF in the fourth quarter valued at approximately $29,000. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco QQQ Income Advantage ETF by 6.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,150 shares of the company’s stock valued at $591,000 after acquiring an additional 650 shares in the last quarter. Finally, IFG Advisory LLC increased its stake in shares of Invesco QQQ Income Advantage ETF by 7.3% during the fourth quarter. IFG Advisory LLC now owns 12,510 shares of the company’s stock valued at $663,000 after acquiring an additional 849 shares during the period.

About Invesco QQQ Income Advantage ETF

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.