Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Up 25.8% in November

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 78,000 shares, a growth of 25.8% from the November 15th total of 62,000 shares. Based on an average daily trading volume, of 81,500 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Hedge funds have recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 114.6% in the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 731 shares in the last quarter. Chris Bulman Inc bought a new position in Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter valued at $68,000. Denver PWM LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth $84,000. International Assets Investment Management LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth $151,000. Finally, FMR LLC raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 60.9% in the third quarter. FMR LLC now owns 6,843 shares of the company’s stock valued at $208,000 after purchasing an additional 2,591 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Shares of NASDAQ QQQJ remained flat at $32.10 during mid-day trading on Monday. 131,725 shares of the stock were exchanged, compared to its average volume of 109,203. The business has a fifty day moving average of $31.10 and a 200-day moving average of $29.40. The company has a market capitalization of $690.47 million, a PE ratio of 21.16 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a 52-week low of $25.60 and a 52-week high of $32.95.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.046 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.18 annualized dividend and a yield of 0.57%.

About Invesco NASDAQ Next Gen 100 ETF

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.