Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Down 32.9% in July

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 123,385 shares, a decline of 32.9% from the June 30th total of 183,955 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 171,528 shares, the days-to-cover ratio is presently 0.7 days.

Invesco NASDAQ Next Gen 100 ETF Trading Up 1.0%

Shares of NASDAQ QQQJ opened at $43.96 on Friday. The company has a fifty day moving average price of $44.43 and a 200 day moving average price of $40.75. The firm has a market cap of $1.12 billion, a PE ratio of 22.27 and a beta of 1.12. Invesco NASDAQ Next Gen 100 ETF has a 1-year low of $32.46 and a 1-year high of $46.17.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.0091 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QQQJ. US Bancorp DE bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter worth $25,000. International Assets Investment Management LLC bought a new position in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at $26,000. Realta Investment Advisors bought a new position in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at $29,000. PNC Financial Services Group Inc. increased its stake in Invesco NASDAQ Next Gen 100 ETF by 178.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock valued at $29,000 after buying an additional 501 shares during the last quarter. Finally, Allworth Financial LP increased 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 buying an additional 550 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Company Profile

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.