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

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 46,025 shares, a growth of 124.1% from the December 15th total of 20,536 shares. Based on an average daily trading volume, of 76,049 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 76,049 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

A number of large investors have recently added to or reduced their stakes in QQA. Foundations Investment Advisors LLC raised its holdings in Invesco QQQ Income Advantage ETF by 4.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,012 shares of the company’s stock valued at $369,000 after acquiring an additional 298 shares in the last quarter. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF in the third quarter valued at about $25,000. Stratos Wealth Partners LTD. raised its stake in Invesco QQQ Income Advantage ETF by 17.9% in the third quarter. Stratos Wealth Partners LTD. now owns 6,985 shares of the company’s stock valued at $368,000 after purchasing an additional 1,061 shares in the last quarter. Osaic Holdings Inc. lifted its position in Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after purchasing an additional 1,177 shares during the period. Finally, Cetera Investment Advisers lifted its position in Invesco QQQ Income Advantage ETF by 3.9% during the second quarter. Cetera Investment Advisers now owns 105,395 shares of the company’s stock worth $5,291,000 after purchasing an additional 3,988 shares during the period.

Invesco QQQ Income Advantage ETF Stock Performance

NASDAQ:QQA traded down $0.65 during mid-day trading on Wednesday, reaching $53.19. 44,174 shares of the company’s stock were exchanged, compared to its average volume of 98,914. Invesco QQQ Income Advantage ETF has a one year low of $39.86 and a one year high of $54.87. The firm has a market capitalization of $506.90 million, a PE ratio of 31.47 and a beta of 0.87. The business’s fifty day simple moving average is $53.25 and its two-hundred day simple moving average is $52.31.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.459 dividend. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

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.