Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Rises By 124.1%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 46,025 shares, an increase of 124.1% from the December 15th total of 20,536 shares. Based on an average trading volume of 76,049 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 76,049 shares, the short-interest ratio is currently 0.6 days.

Invesco QQQ Income Advantage ETF Price Performance

NASDAQ:QQA traded down $0.65 during mid-day trading on Wednesday, reaching $53.19. The stock had a trading volume of 44,174 shares, compared to its average volume of 98,914. Invesco QQQ Income Advantage ETF has a 12 month low of $39.86 and a 12 month high of $54.87. The stock has a market capitalization of $506.90 million, a PE ratio of 31.47 and a beta of 0.87. The stock has a 50-day simple moving average of $53.25 and a two-hundred day simple moving average of $52.31.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.459 dividend. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

Institutional Trading of Invesco QQQ Income Advantage ETF

Large investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF during the third quarter worth about $25,000. Osaic Holdings Inc. grew its holdings in shares of Invesco QQQ Income Advantage ETF by 235.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after purchasing an additional 1,177 shares during the last quarter. Cerity Partners LLC acquired a new position in Invesco QQQ Income Advantage ETF during the 2nd quarter worth approximately $201,000. Barnett & Company Inc. bought a new position in Invesco QQQ Income Advantage ETF in the 3rd quarter valued at approximately $221,000. Finally, Prospera Financial Services Inc acquired a new stake in Invesco QQQ Income Advantage ETF in the third quarter valued at approximately $233,000.

About Invesco QQQ Income Advantage ETF

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.