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

Invesco Top QQQ ETF (NASDAQ:QBIG) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,065 shares, a growth of 66.7% from the July 30th total of 1,239 shares. Based on an average daily volume of 3,145 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. purchased a new stake in Invesco Top QQQ ETF in the 2nd quarter worth about $51,000. Bank of America Corp DE grew its stake in Invesco Top QQQ ETF by 3,833.0% during the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after acquiring an additional 3,833 shares in the last quarter. Jane Street Group LLC grew its stake in Invesco Top QQQ ETF by 11.9% during the 1st quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock valued at $521,000 after acquiring an additional 2,103 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Invesco Top QQQ ETF during the 2nd quarter valued at about $868,000. Finally, ATX Financial Planning LLC acquired a new position in shares of Invesco Top QQQ ETF in the 4th quarter valued at about $1,344,000.

Invesco Top QQQ ETF Price Performance

NASDAQ QBIG traded down $0.23 on Monday, hitting $41.40. 1,417 shares of the stock were exchanged, compared to its average volume of 6,907. The company’s 50-day moving average price is $40.06 and its two-hundred day moving average price is $38.84. Invesco Top QQQ ETF has a 52-week low of $32.67 and a 52-week high of $43.36. The company has a market capitalization of $35.19 million, a price-to-earnings ratio of 36.25 and a beta of 1.72.

About Invesco Top QQQ ETF

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.