Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Down 68.5% in August

Invesco QQQ Income Advantage ETF (NASDAQ:QQA – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 14,012 shares, a decline of 68.5% from the July 30th total of 44,417 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 116,014 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of QQA. Advisory Services Network LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the 3rd quarter valued at $25,000. NewEdge Advisors LLC acquired a new position in Invesco QQQ Income Advantage ETF during the fourth quarter worth $29,000. Sunbelt Securities Inc. bought a new position in Invesco QQQ Income Advantage ETF during the fourth quarter valued at about $54,000. Geneos Wealth Management Inc. bought a new position in Invesco QQQ Income Advantage ETF during the fourth quarter valued at about $81,000. Finally, Osaic Holdings Inc. lifted its position 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 buying an additional 1,177 shares during the last quarter.

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Invesco QQQ Income Advantage ETF Stock Performance

Shares of NASDAQ QQA traded down $0.30 during trading hours on Friday, hitting $56.06. The stock had a trading volume of 132,609 shares, compared to its average volume of 118,698. The company has a market capitalization of $806.14 million, a P/E ratio of 31.47 and a beta of 0.94. The firm’s 50-day moving average price is $56.03 and its two-hundred day moving average price is $54.59. Invesco QQQ Income Advantage ETF has a 52 week low of $48.20 and a 52 week high of $58.53.

Invesco QQQ Income Advantage ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.4827 per share. The ex-dividend date is Monday, August 24th.

About Invesco QQQ Income Advantage ETF

(Get Free Report)

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.

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