Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Up 264.9% in February

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 13,500 shares, an increase of 264.9% from the January 31st total of 3,700 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QOWZ. Onyx Bridge Wealth Group LLC lifted its holdings in shares of Invesco Nasdaq Free Cash Flow Achievers ETF by 30.9% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 118,994 shares of the company’s stock worth $3,986,000 after acquiring an additional 28,123 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco Nasdaq Free Cash Flow Achievers ETF by 25.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 100,564 shares of the company’s stock worth $3,239,000 after purchasing an additional 20,237 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF during the fourth quarter valued at approximately $581,000.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

NASDAQ:QOWZ opened at $32.86 on Friday. The firm has a market capitalization of $13.14 million, a price-to-earnings ratio of 31.80 and a beta of 1.34. The business has a 50 day simple moving average of $34.21 and a 200-day simple moving average of $33.26. Invesco Nasdaq Free Cash Flow Achievers ETF has a 1 year low of $26.69 and a 1 year high of $35.47.

Invesco Nasdaq Free Cash Flow Achievers ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.0941 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco Nasdaq Free Cash Flow Achievers ETF

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth.