Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Down 48.2% in December

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 564,500 shares, a drop of 48.2% from the December 15th total of 1,090,000 shares. Based on an average daily volume of 1,790,300 shares, the short-interest ratio is presently 0.3 days.

Invesco NASDAQ 100 ETF Stock Down 0.1 %

Shares of QQQM stock traded down $0.19 during trading hours on Tuesday, hitting $207.95. 1,649,233 shares of the company’s stock were exchanged, compared to its average volume of 2,386,664. The firm has a market cap of $38.36 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm has a 50 day moving average of $212.23 and a two-hundred day moving average of $202.29. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.86 and a fifty-two week high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fulcrum Equity Management lifted its position in shares of Invesco NASDAQ 100 ETF by 3.3% in the third quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock valued at $349,000 after acquiring an additional 56 shares in the last quarter. Ridgecrest Wealth Partners LLC raised its position in shares of Invesco NASDAQ 100 ETF by 4.4% in the third quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock valued at $288,000 after buying an additional 60 shares during the last quarter. Marble Harbor Investment Counsel LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after buying an additional 66 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock worth $431,000 after acquiring an additional 68 shares during the last quarter. Finally, Northstar Group Inc. grew its stake in Invesco NASDAQ 100 ETF by 5.4% during the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after acquiring an additional 69 shares in the last quarter.

Invesco NASDAQ 100 ETF Company Profile

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.