Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Up 248.7% in August

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 48,858 shares, a growth of 248.7% from the August 15th total of 14,012 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 103,557 shares, the short-interest ratio is currently 0.5 days.

Invesco QQQ Income Advantage ETF Stock Up 0.8%

Shares of QQA stock traded up $0.42 on Friday, hitting $56.16. The company had a trading volume of 109,716 shares, compared to its average volume of 118,050. The firm has a market cap of $807.58 million, a P/E ratio of 31.47 and a beta of 0.95. The company has a 50-day moving average price of $55.91 and a 200-day moving average price of $54.85. Invesco QQQ Income Advantage ETF has a twelve month low of $48.20 and a twelve month high of $58.53.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in shares of Invesco QQQ Income Advantage ETF by 62.1% in the 4th quarter. LPL Financial LLC now owns 856,939 shares of the company’s stock valued at $45,435,000 after purchasing an additional 328,405 shares during the period. Cetera Investment Advisers boosted its holdings in Invesco QQQ Income Advantage ETF by 74.4% during the first quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock worth $19,142,000 after buying an additional 163,730 shares in the last quarter. Jane Street Group LLC grew its position in Invesco QQQ Income Advantage ETF by 331.5% during the second quarter. Jane Street Group LLC now owns 187,275 shares of the company’s stock valued at $9,401,000 after buying an additional 143,879 shares during the period. UBS Group AG acquired a new stake in Invesco QQQ Income Advantage ETF during the third quarter valued at $6,230,000. Finally, Talon Private Wealth LLC purchased a new position in Invesco QQQ Income Advantage ETF in the first quarter valued at $4,172,000.

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.