Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Decreases By 68.5%

by · The Markets Daily

Invesco QQQ Income Advantage ETF (NASDAQ:QQA – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 14,012 shares, a decrease of 68.5% from the July 30th total of 44,417 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 116,014 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of Invesco QQQ Income Advantage ETF by 62.1% during the 4th quarter. LPL Financial LLC now owns 856,939 shares of the company’s stock worth $45,435,000 after acquiring an additional 328,405 shares during the last quarter. Cetera Investment Advisers boosted its position in Invesco QQQ Income Advantage ETF by 74.4% during the 1st quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock valued at $19,142,000 after buying an additional 163,730 shares during the period. Private Advisor Group LLC grew its holdings in Invesco QQQ Income Advantage ETF by 11.7% in the 1st quarter. Private Advisor Group LLC now owns 189,100 shares of the company’s stock worth $9,432,000 after acquiring an additional 19,776 shares during the last quarter. Jane Street Group LLC grew its holdings in Invesco QQQ Income Advantage ETF by 331.5% in the 2nd quarter. Jane Street Group LLC now owns 187,275 shares of the company’s stock worth $9,401,000 after acquiring an additional 143,879 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Invesco QQQ Income Advantage ETF by 42.3% in the fourth quarter. UBS Group AG now owns 168,460 shares of the company’s stock valued at $8,932,000 after acquiring an additional 50,055 shares during the period.

Invesco QQQ Income Advantage ETF Trading Down 0.5%

Shares of Invesco QQQ Income Advantage ETF stock traded down $0.30 on Friday, reaching $56.06. The stock had a trading volume of 132,609 shares, compared to its average volume of 118,698. The business’s 50 day moving average is $56.03 and its two-hundred day moving average is $54.59. The company has a market cap of $806.14 million, a P/E ratio of 31.47 and a beta of 0.94. Invesco QQQ Income Advantage ETF has a 1 year low of $48.20 and a 1 year high of $58.53.

Invesco QQQ Income Advantage ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a $0.4827 dividend. The ex-dividend date of this dividend was Monday, August 24th.

About Invesco QQQ Income Advantage ETF

(Get Free Report)

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.

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