Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Up 19.7% in September

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 480,300 shares, an increase of 19.7% from the August 31st total of 401,100 shares. Based on an average daily volume of 2,044,400 shares, the days-to-cover ratio is currently 0.2 days.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $200.32 on Monday. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The stock has a market cap of $31.15 billion, a PE ratio of 34.39 and a beta of 1.18. The firm has a 50 day simple moving average of $192.66 and a two-hundred day simple moving average of $189.33.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, September 23rd.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

A number of large investors have recently modified their holdings of QQQM. CarsonAllaria Wealth Management Ltd. bought a new stake in Invesco NASDAQ 100 ETF in the second quarter worth $27,000. M&R Capital Management Inc. bought a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $28,000. Triad Wealth Partners LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $30,000. Creekmur Asset Management LLC bought a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $32,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $36,000.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.