Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Down 44.3% in November

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 62,000 shares, a decline of 44.3% from the October 31st total of 111,400 shares. Based on an average daily trading volume, of 84,600 shares, the short-interest ratio is currently 0.7 days.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.1 %

Invesco NASDAQ Next Gen 100 ETF stock traded up $0.03 during midday trading on Thursday, reaching $32.02. 38,762 shares of the stock traded hands, compared to its average volume of 109,915. The stock has a market cap of $688.75 million, a P/E ratio of 21.16 and a beta of 1.10. The stock’s fifty day moving average is $30.52 and its 200-day moving average is $29.00. Invesco NASDAQ Next Gen 100 ETF has a 12 month low of $24.72 and a 12 month high of $32.23.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.046 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.57%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several large investors have recently bought and sold shares of QQQJ. MML Investors Services LLC lifted its position in Invesco NASDAQ Next Gen 100 ETF by 2.8% during the third quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock valued at $441,000 after purchasing an additional 394 shares during the last quarter. Goodman Advisory Group LLC raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 114.6% during the 2nd quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after buying an additional 731 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 1.2% in the 2nd quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock valued at $2,335,000 after acquiring an additional 961 shares during the last quarter. WealthCare Investment Partners LLC grew its position in Invesco NASDAQ Next Gen 100 ETF by 3.3% in the third quarter. WealthCare Investment Partners LLC now owns 43,753 shares of the company’s stock worth $1,320,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Cetera Advisors LLC increased its stake in Invesco NASDAQ Next Gen 100 ETF by 13.4% during the first quarter. Cetera Advisors LLC now owns 14,775 shares of the company’s stock worth $427,000 after acquiring an additional 1,748 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.