Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Sees Large Decline in Short Interest

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 27,600 shares, a decline of 18.3% from the December 15th total of 33,800 shares. Based on an average daily volume of 13,200 shares, the days-to-cover ratio is currently 2.1 days.

Invesco ESG NASDAQ 100 ETF Trading Down 0.5 %

Shares of QQMG stock opened at $34.86 on Friday. The company has a market capitalization of $69.72 million, a price-to-earnings ratio of 37.67 and a beta of 1.22. Invesco ESG NASDAQ 100 ETF has a 1-year low of $27.65 and a 1-year high of $36.60. The stock’s fifty day simple moving average is $35.17 and its 200-day simple moving average is $33.73.

Invesco ESG NASDAQ 100 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.0447 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stephens Consulting LLC acquired a new stake in shares of Invesco ESG NASDAQ 100 ETF during the 3rd quarter valued at $851,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Invesco ESG NASDAQ 100 ETF during the third quarter worth $545,000. Ameritas Advisory Services LLC acquired a new stake in Invesco ESG NASDAQ 100 ETF during the fourth quarter valued at $442,000. Harbour Investments Inc. grew its stake in Invesco ESG NASDAQ 100 ETF by 38.3% in the third quarter. Harbour Investments Inc. now owns 23,862 shares of the company’s stock valued at $798,000 after purchasing an additional 6,610 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in Invesco ESG NASDAQ 100 ETF in the 3rd quarter worth about $101,000.

Invesco ESG NASDAQ 100 ETF Company Profile

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.