Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) Stock Short Interest Jumps 219.1%

Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,574 shares, a growth of 219.1% from the September 30th total of 2,687 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 7,942 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Invesco Nasdaq Future Gen 200 ETF

A hedge fund recently raised its position in Invesco Nasdaq Future Gen 200 ETF stock. Envestnet Asset Management Inc. increased its position in shares of Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) by 17.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,709 shares of the company’s stock after buying an additional 1,866 shares during the quarter. Envestnet Asset Management Inc. owned about 2.40% of Invesco Nasdaq Future Gen 200 ETF worth $566,000 at the end of the most recent quarter.

Invesco Nasdaq Future Gen 200 ETF Stock Down 3.5%

NASDAQ QQQS traded down $1.45 during trading hours on Friday, reaching $39.53. The company’s stock had a trading volume of 1,006 shares, compared to its average volume of 6,759. Invesco Nasdaq Future Gen 200 ETF has a 52 week low of $31.17 and a 52 week high of $45.44. The firm has a fifty day simple moving average of $42.44 and a 200-day simple moving average of $40.08.

About Invesco Nasdaq Future Gen 200 ETF

The Invesco NASDAQ Future Gen 200 ETF (QQQS) is an exchange-traded fund that is based on the Nasdaq Innovators Completion Cap index. The fund tracks an equal-weighted index of 200 NASDAQ-listed stocks selected based on the value of their patent portfolios. The portfolio excludes the largest 200 stocks listed on NASDAQ. QQQS was launched on Oct 13, 2022 and is managed by Invesco.