Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) Stock Short Interest Declines 67.6%

Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 2,778 shares, a drop of 67.6% from the October 15th total of 8,574 shares. Based on an average trading volume of 3,805 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are short sold.

Invesco Nasdaq Future Gen 200 ETF Stock Down 1.8%

QQQS traded down $0.67 on Friday, reaching $37.38. The company had a trading volume of 2,115 shares, compared to its average volume of 6,757. Invesco Nasdaq Future Gen 200 ETF has a 1 year low of $31.17 and a 1 year high of $45.44. The stock has a market capitalization of $19.81 million, a PE ratio of 12.54 and a beta of 1.58. The stock has a 50-day moving average price of $41.30 and a 200-day moving average price of $40.21.

Institutional Trading of Invesco Nasdaq Future Gen 200 ETF

A hedge fund recently bought a new stake in Invesco Nasdaq Future Gen 200 ETF stock. Greenline Wealth Management LLC bought a new stake in Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,870 shares of the company’s stock, valued at approximately $209,000. Greenline Wealth Management LLC owned about 0.92% of Invesco Nasdaq Future Gen 200 ETF as of its most recent filing with the Securities and Exchange Commission.

About Invesco Nasdaq Future Gen 200 ETF

The Invesco NASDAQ Future Gen 200 ETF (QQQS) is an exchange-traded fund that is based on the Nasdaq Innovators Completion Cap index. The fund tracks an equal-weighted index of 200 NASDAQ-listed stocks selected based on the value of their patent portfolios. The portfolio excludes the largest 200 stocks listed on NASDAQ. QQQS was launched on Oct 13, 2022 and is managed by Invesco.