Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Sees Significant Increase in Short Interest

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 52,837 shares, an increase of 74.5% from the December 31st total of 30,280 shares. Based on an average daily trading volume, of 31,830 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 31,830 shares, the days-to-cover ratio is presently 1.7 days.

Invesco ESG NASDAQ 100 ETF Stock Down 1.5%

QQMG stock opened at $42.78 on Friday. The firm has a market cap of $175.40 million, a PE ratio of 34.79 and a beta of 1.19. The business has a 50 day moving average of $42.70 and a 200-day moving average of $41.30. Invesco ESG NASDAQ 100 ETF has a 12-month low of $27.34 and a 12-month high of $44.04.

Invesco ESG NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.0447 dividend. This is a boost from Invesco ESG NASDAQ 100 ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, December 22nd. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%.

Hedge Funds Weigh In On Invesco ESG NASDAQ 100 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Golden State Equity Partners bought a new position in Invesco ESG NASDAQ 100 ETF during the fourth quarter valued at about $242,000. PFG Advisors purchased a new position in Invesco ESG NASDAQ 100 ETF in the fourth quarter valued at about $228,000. Synergy Asset Management LLC purchased a new position in Invesco ESG NASDAQ 100 ETF in the fourth quarter valued at about $318,000. Dynamic Advisor Solutions LLC bought a new position in shares of Invesco ESG NASDAQ 100 ETF during the 4th quarter valued at approximately $869,000. Finally, KFA Private Wealth Group LLC purchased a new stake in shares of Invesco ESG NASDAQ 100 ETF during the 4th quarter worth approximately $206,000.

About Invesco ESG NASDAQ 100 ETF

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.