Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Short Interest Update

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 49,554 shares, a drop of 19.5% from the February 12th total of 61,559 shares. Based on an average daily volume of 21,313 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.2% of the shares of the stock are sold short. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 21,313 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QQMG. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Invesco ESG NASDAQ 100 ETF in the fourth quarter worth $41,000. CWM LLC bought a new stake in shares of Invesco ESG NASDAQ 100 ETF during the 3rd quarter valued at about $48,000. Mcguire Capital Advisors Inc. bought a new stake in Invesco ESG NASDAQ 100 ETF during the fourth quarter valued at approximately $57,000. AE Wealth Management LLC grew its stake in Invesco ESG NASDAQ 100 ETF by 191.6% in the 3rd quarter. AE Wealth Management LLC now owns 2,283 shares of the company’s stock worth $94,000 after buying an additional 1,500 shares in the last quarter. Finally, KFA Private Wealth Group LLC purchased a new position in Invesco ESG NASDAQ 100 ETF in the 4th quarter worth approximately $206,000.

Invesco ESG NASDAQ 100 ETF Price Performance

Shares of QQMG traded down $0.31 during midday trading on Friday, hitting $40.56. 18,393 shares of the company traded hands, compared to its average volume of 29,334. Invesco ESG NASDAQ 100 ETF has a one year low of $27.34 and a one year high of $44.04. The firm has a market cap of $170.35 million, a P/E ratio of 34.79 and a beta of 1.19. The stock has a 50-day moving average of $42.05 and a 200-day moving average of $41.84.

Invesco ESG NASDAQ 100 ETF Increases Dividend

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

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.