Invesco Top QQQ ETF (NASDAQ:QBIG) Sees Significant Decline in Short Interest

Invesco Top QQQ ETF (NASDAQ:QBIG) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 360 shares, a drop of 82.6% from the August 15th total of 2,065 shares. Based on an average daily trading volume, of 4,601 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Invesco Top QQQ ETF Price Performance

Shares of QBIG stock traded up $0.43 during trading hours on Friday, reaching $41.53. 3,332 shares of the company traded hands, compared to its average volume of 6,782. The firm has a 50-day moving average price of $40.66 and a 200 day moving average price of $39.19. The company has a market cap of $35.30 million, a P/E ratio of 36.25 and a beta of 1.72. Invesco Top QQQ ETF has a 12-month low of $32.67 and a 12-month high of $43.36.

Hedge Funds Weigh In On Invesco Top QQQ ETF

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of Invesco Top QQQ ETF by 10.0% during the 2nd quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock valued at $709,000 after purchasing an additional 1,975 shares during the period. Bank of America Corp DE boosted its holdings 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 worth $129,000 after buying an additional 3,833 shares during the period. ATX Financial Planning LLC boosted its holdings in Invesco Top QQQ ETF by 17.6% in the 1st quarter. ATX Financial Planning LLC now owns 41,084 shares of the company’s stock worth $1,400,000 after buying an additional 6,158 shares during the period. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Invesco Top QQQ ETF in the 2nd quarter worth $868,000.

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.