Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Up 62.8% in December

Invesco NASDAQ 100 ETF (NASDAQ:QQQMGet Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,090,000 shares, an increase of 62.8% from the November 30th total of 669,700 shares. Based on an average daily volume of 1,715,800 shares, the days-to-cover ratio is presently 0.6 days.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM traded down $2.89 during trading hours on Friday, reaching $215.15. 1,693,521 shares of the company traded hands, compared to its average volume of 1,811,201. The stock’s fifty day moving average is $209.95 and its 200 day moving average is $200.89. Invesco NASDAQ 100 ETF has a 1-year low of $162.74 and a 1-year high of $221.92. The stock has a market cap of $36.66 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be issued a $0.3103 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Trading of Invesco NASDAQ 100 ETF

Several institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV bought a new position in Invesco NASDAQ 100 ETF in the third quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Rothschild Investment LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $36,000. National Bank of Canada FI boosted its position in shares of Invesco NASDAQ 100 ETF by 72.7% during the 2nd quarter. National Bank of Canada FI now owns 190 shares of the company’s stock valued at $38,000 after acquiring an additional 80 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $40,000.

About Invesco NASDAQ 100 ETF

(Get Free Report)

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.

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