Short Interest in Invesco Top QQQ ETF (NASDAQ:QBIG) Declines By 62.5%

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,498 shares, a decrease of 62.5% from the June 15th total of 3,996 shares. Based on an average daily volume of 6,128 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of Invesco Top QQQ ETF

Several institutional investors have recently modified their holdings of QBIG. ATX Financial Planning LLC boosted its position in shares of Invesco Top QQQ ETF by 17.6% in the 1st quarter. ATX Financial Planning LLC now owns 41,084 shares of the company’s stock valued at $1,400,000 after purchasing an additional 6,158 shares during the period. Jane Street Group LLC boosted its holdings in shares of Invesco Top QQQ ETF by 10.0% in the second quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock valued at $709,000 after acquiring an additional 1,975 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Invesco Top QQQ ETF by 2.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock worth $676,000 after acquiring an additional 404 shares during the last quarter. Financial & Tax Architects LLC acquired a new position in shares of Invesco Top QQQ ETF in the 4th quarter valued at $275,000. Finally, Bank of America Corp DE increased its holdings in shares of Invesco Top QQQ ETF by 3,833.0% in the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after acquiring an additional 3,833 shares during the period.

Invesco Top QQQ ETF Stock Up 1.9%

Shares of QBIG traded up $0.75 during trading on Wednesday, reaching $41.01. 2,490 shares of the company traded hands, compared to its average volume of 7,095. The stock has a market cap of $34.86 million, a PE ratio of 36.25 and a beta of 1.75. The stock has a 50-day simple moving average of $40.64 and a 200-day simple moving average of $38.26. Invesco Top QQQ ETF has a twelve month low of $32.67 and a twelve month high of $43.36.

About Invesco Top QQQ ETF

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.