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

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 37,166 shares, a growth of 75.7% from the November 30th total of 21,150 shares. Based on an average daily volume of 19,861 shares, the short-interest ratio is currently 1.9 days. Currently, 1.4% of the shares of the stock are sold short. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 19,861 shares, the short-interest ratio is currently 1.9 days.

Invesco ESG NASDAQ 100 ETF Trading Up 0.1%

Shares of Invesco ESG NASDAQ 100 ETF stock opened at $43.08 on Friday. The stock has a market capitalization of $112.01 million, a price-to-earnings ratio of 34.79 and a beta of 1.19. The firm’s 50-day moving average price is $42.50 and its two-hundred day moving average price is $40.34. Invesco ESG NASDAQ 100 ETF has a 1-year low of $27.34 and a 1-year high of $44.04.

Invesco ESG NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.0447 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Invesco ESG NASDAQ 100 ETF’s previous quarterly dividend of $0.04.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QQMG. Osaic Holdings Inc. grew its position in shares of Invesco ESG NASDAQ 100 ETF by 64.4% during the 2nd quarter. Osaic Holdings Inc. now owns 74,924 shares of the company’s stock worth $2,834,000 after buying an additional 29,358 shares during the period. Perennial Investment Advisors LLC bought a new position in Invesco ESG NASDAQ 100 ETF in the second quarter valued at approximately $584,000. Fingerlakes Wealth Management Inc. grew its holdings in Invesco ESG NASDAQ 100 ETF by 2.1% during the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 68,155 shares of the company’s stock worth $2,578,000 after acquiring an additional 1,393 shares during the period. Western Wealth Management LLC bought a new stake in shares of Invesco ESG NASDAQ 100 ETF during the 2nd quarter valued at $221,000. Finally, SFM LLC acquired a new position in shares of Invesco ESG NASDAQ 100 ETF in the 2nd quarter valued at $224,000.

About Invesco ESG NASDAQ 100 ETF

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.