Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Sees Large Decrease in Short Interest

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 400 shares, a drop of 33.3% from the December 31st total of 600 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Down 1.2 %

Shares of NASDAQ QOWZ opened at $34.24 on Friday. The stock has a market capitalization of $13.70 million, a PE ratio of 31.80 and a beta of 1.34. The firm has a fifty day moving average of $34.27 and a 200-day moving average of $32.69. Invesco Nasdaq Free Cash Flow Achievers ETF has a 52-week low of $26.41 and a 52-week high of $35.47.

Invesco Nasdaq Free Cash Flow Achievers ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

An institutional investor recently raised its position in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) by 25.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,564 shares of the company’s stock after purchasing an additional 20,237 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 38.68% of Invesco Nasdaq Free Cash Flow Achievers ETF worth $3,239,000 as of its most recent filing with the SEC.

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.