Invesco Top QQQ ETF (NASDAQ:QBIG) Sees Large Decrease in Short Interest

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 8,404 shares, a decline of 15.1% from the February 12th total of 9,903 shares. Based on an average daily trading volume, of 4,052 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 4,052 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of Invesco Top QQQ ETF

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in shares of Invesco Top QQQ ETF by 11.9% during the first quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock worth $521,000 after purchasing an additional 2,103 shares during the period. Bank of America Corp DE increased its stake in Invesco Top QQQ ETF by 3,833.0% in the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after buying an additional 3,833 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Invesco Top QQQ ETF in the 3rd quarter worth approximately $648,000. Financial & Tax Architects LLC purchased a new stake in Invesco Top QQQ ETF in the 4th quarter worth approximately $275,000. Finally, ATX Financial Planning LLC acquired a new stake in shares of Invesco Top QQQ ETF during the 4th quarter valued at $1,344,000.

Invesco Top QQQ ETF Price Performance

Invesco Top QQQ ETF stock traded down $0.04 during mid-day trading on Wednesday, hitting $35.69. The company’s stock had a trading volume of 283 shares, compared to its average volume of 7,867. Invesco Top QQQ ETF has a 52-week low of $22.39 and a 52-week high of $40.70. The company has a market cap of $41.04 million, a PE ratio of 36.25 and a beta of 1.59. The firm’s 50 day moving average is $36.92 and its 200 day moving average is $37.81.

Invesco Top QQQ ETF Company Profile

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.