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

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 20,536 shares, a decline of 63.2% from the November 30th total of 55,808 shares. Based on an average daily trading volume, of 106,172 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 106,172 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QQA. Advisory Services Network LLC purchased a new stake in Invesco QQQ Income Advantage ETF during the 3rd quarter worth approximately $25,000. Osaic Holdings Inc. grew its stake in shares of Invesco QQQ Income Advantage ETF by 235.4% in the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after acquiring an additional 1,177 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Invesco QQQ Income Advantage ETF during the second quarter worth $201,000. Barnett & Company Inc. purchased a new stake in shares of Invesco QQQ Income Advantage ETF during the third quarter worth $221,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the third quarter valued at $233,000.

Invesco QQQ Income Advantage ETF Trading Down 0.1%

QQA traded down $0.07 during mid-day trading on Friday, hitting $53.57. 47,381 shares of the stock were exchanged, compared to its average volume of 66,114. The firm’s fifty day moving average is $53.29 and its two-hundred day moving average is $51.94. Invesco QQQ Income Advantage ETF has a 1-year low of $39.86 and a 1-year high of $54.87. The company has a market cap of $427.49 million, a PE ratio of 31.47 and a beta of 0.87.

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 dividend of $0.459 per share. This is a boost from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44. The ex-dividend date of this dividend was Monday, December 22nd.

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.