Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Down 76.6% in June

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 12,240 shares, a drop of 76.6% from the June 15th total of 52,415 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 125,765 shares, the short-interest ratio is currently 0.1 days.

Invesco QQQ Income Advantage ETF Trading Up 0.3%

Shares of Invesco QQQ Income Advantage ETF stock traded up $0.16 on Friday, reaching $57.24. 216,053 shares of the stock were exchanged, compared to its average volume of 119,500. Invesco QQQ Income Advantage ETF has a 1-year low of $48.20 and a 1-year high of $58.53. The business has a fifty day moving average price of $56.79 and a two-hundred day moving average price of $54.00. The firm has a market capitalization of $780.18 million, a PE ratio of 31.47 and a beta of 0.92.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.5003 per share. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date was Monday, June 22nd. This is a positive change from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.43.

Institutional Trading of Invesco QQQ Income Advantage ETF

Several hedge funds have recently modified their holdings of QQA. LPL Financial LLC grew its holdings in Invesco QQQ Income Advantage ETF by 62.1% during the fourth quarter. LPL Financial LLC now owns 856,939 shares of the company’s stock worth $45,435,000 after acquiring an additional 328,405 shares during the period. Cetera Investment Advisers boosted its position in shares of Invesco QQQ Income Advantage ETF by 74.4% during the 1st quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock worth $19,142,000 after purchasing an additional 163,730 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Invesco QQQ Income Advantage ETF by 21.1% during the 4th quarter. Perigon Wealth Management LLC now owns 238,044 shares of the company’s stock worth $12,621,000 after purchasing an additional 41,548 shares during the period. Private Advisor Group LLC grew its stake in shares of Invesco QQQ Income Advantage ETF by 11.7% during the 1st quarter. Private Advisor Group LLC now owns 189,100 shares of the company’s stock worth $9,432,000 after purchasing an additional 19,776 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Invesco QQQ Income Advantage ETF by 331.5% during the 2nd quarter. Jane Street Group LLC now owns 187,275 shares of the company’s stock worth $9,401,000 after purchasing an additional 143,879 shares during the period.

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.