Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Shares Shorted: Short Interest Up 412.9% in October

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 69,345 shares, an increase of 412.9% from the September 30th total of 13,521 shares. Based on an average daily volume of 137,294 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in Invesco QQQ Income Advantage ETF by 74.4% during the first quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock worth $19,142,000 after buying an additional 163,730 shares in the last quarter. Private Advisor Group LLC increased its position in 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 in the last quarter. SageGuard Financial Group LLC raised its holdings in shares of Invesco QQQ Income Advantage ETF by 4.2% during the 1st quarter. SageGuard Financial Group LLC now owns 111,874 shares of the company’s stock valued at $5,580,000 after buying an additional 4,506 shares during the period. Talon Private Wealth LLC purchased a new stake in shares of Invesco QQQ Income Advantage ETF during the first quarter worth about $4,172,000. Finally, Brookstone Capital Management acquired a new stake in shares of Invesco QQQ Income Advantage ETF during the third quarter worth approximately $4,220,000.

Invesco QQQ Income Advantage ETF Trading Up 1.0%

Shares of QQA stock traded up $0.57 on Tuesday, reaching $55.53. 38,989 shares of the stock were exchanged, compared to its average volume of 118,911. Invesco QQQ Income Advantage ETF has a twelve month low of $48.20 and a twelve month high of $58.53. The company has a market capitalization of $915.13 million, a price-to-earnings ratio of 31.47 and a beta of 0.93. The business’s 50 day moving average price is $56.45 and its 200 day moving average price is $54.81.

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.