Invesco Top QQQ ETF (NASDAQ:QBIG – Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 9,916 shares, a growth of 47.4% from the March 15th total of 6,729 shares. Based on an average daily trading volume, of 8,816 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.9% of the company’s shares are sold short.
Institutional Trading of Invesco Top QQQ ETF
A number of institutional investors have recently bought and sold shares of QBIG. ATX Financial Planning LLC purchased a new stake in Invesco Top QQQ ETF during the 4th quarter worth about $1,344,000. Geneos Wealth Management Inc. purchased a new stake in shares of Invesco Top QQQ ETF in the 3rd quarter valued at about $648,000. Financial & Tax Architects LLC acquired a new stake in shares of Invesco Top QQQ ETF in the 4th quarter valued at about $275,000. 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 worth $129,000 after buying an additional 3,833 shares during the last quarter. Finally, 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 worth $521,000 after buying an additional 2,103 shares during the last quarter.
Invesco Top QQQ ETF Trading Up 2.4%
NASDAQ:QBIG traded up $0.87 during midday trading on Tuesday, reaching $37.56. The company had a trading volume of 3,007 shares, compared to its average volume of 7,650. The firm has a market capitalization of $39.44 million, a price-to-earnings ratio of 36.25 and a beta of 1.72. The stock’s fifty day simple moving average is $35.60 and its 200-day simple moving average is $37.51. Invesco Top QQQ ETF has a 12-month low of $23.66 and a 12-month high of $40.70.
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.
Further Reading
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