Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Update

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 13,764 shares, an increase of 23.8% from the February 26th total of 11,120 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 91,742 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in Invesco QQQ Income Advantage ETF in the third quarter valued at $25,000. NewEdge Advisors LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the 4th quarter valued at $29,000. Sunbelt Securities Inc. bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 4th quarter worth about $54,000. Geneos Wealth Management Inc. acquired a new stake in shares of Invesco QQQ Income Advantage ETF during the 4th quarter worth about $81,000. Finally, Osaic Holdings Inc. lifted its holdings in Invesco QQQ Income Advantage ETF by 235.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after purchasing an additional 1,177 shares during the last quarter.

Invesco QQQ Income Advantage ETF Stock Up 3.0%

NASDAQ:QQA opened at $49.88 on Wednesday. Invesco QQQ Income Advantage ETF has a 12-month low of $39.86 and a 12-month high of $54.87. The firm has a market capitalization of $502.79 million, a PE ratio of 31.47 and a beta of 0.87. The firm has a 50-day moving average price of $51.99 and a 200 day moving average price of $52.74.

Invesco QQQ Income Advantage ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.4338 dividend. The ex-dividend date was Monday, March 23rd.

About Invesco QQQ Income Advantage ETF

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.