Invesco QQQ (NASDAQ:QQQ) Sees Significant Decrease in Short Interest

Invesco QQQ (NASDAQ:QQQ - Get Free Report) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 46,760,000 shares, a decrease of 14.7% from the March 15th total of 54,790,000 shares. Approximately 7.5% of the company's stock are sold short. Based on an average daily volume of 44,004,700 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Invesco QQQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in QQQ. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Finally, Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $5.21 during trading hours on Friday, hitting $472.56. The company had a trading volume of 38,606,996 shares, compared to its average volume of 36,482,537. The business has a 50 day moving average of $474.40 and a 200-day moving average of $500.03. The company has a market cap of $302.39 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.