Invesco Top QQQ ETF (NASDAQ:QBIG – Get Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,065 shares, an increase of 66.7% from the July 30th total of 1,239 shares. Based on an average trading 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.
Invesco Top QQQ ETF Price Performance
Invesco Top QQQ ETF stock traded down $0.39 during trading hours on Tuesday, reaching $41.12. The stock had a trading volume of 927 shares, compared to its average volume of 6,871. The company has a fifty day simple moving average of $40.11 and a 200-day simple moving average of $38.87. The stock has a market cap of $34.95 million, a PE ratio of 36.25 and a beta of 1.72. Invesco Top QQQ ETF has a 52 week low of $32.67 and a 52 week high of $43.36.
Hedge Funds Weigh In On Invesco Top QQQ ETF
Several large investors have recently made changes to their positions in QBIG. Jane Street Group LLC raised its stake in Invesco Top QQQ ETF by 10.0% during the second quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock valued at $709,000 after buying an additional 1,975 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco Top QQQ ETF by 3,833.0% during the second 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 last quarter. ATX Financial Planning LLC raised 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 acquiring an additional 6,158 shares during the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Invesco Top QQQ ETF during the 2nd quarter valued at $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.
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