Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Expands By 23.8%

Invesco QQQ Income Advantage ETF (NASDAQ:QQAGet Free Report) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 13,764 shares, an increase of 23.8% from the February 26th total of 11,120 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 91,742 shares, the short-interest ratio is presently 0.2 days.

Invesco QQQ Income Advantage ETF Trading Down 0.7%

NASDAQ:QQA traded down $0.34 on Monday, hitting $48.41. 225,137 shares of the company’s stock traded hands, compared to its average volume of 113,261. The company has a market cap of $487.97 million, a PE ratio of 31.47 and a beta of 0.87. The firm has a 50-day moving average price of $52.04 and a 200-day moving average price of $52.76. Invesco QQQ Income Advantage ETF has a 1 year low of $39.86 and a 1 year high of $54.87.

Invesco QQQ Income Advantage ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.4338 dividend. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in Invesco QQQ Income Advantage ETF during the third quarter worth about $25,000. NewEdge Advisors LLC bought a new stake in Invesco QQQ Income Advantage ETF during the 4th quarter worth about $29,000. Sunbelt Securities Inc. acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the fourth quarter valued at approximately $54,000. Geneos Wealth Management Inc. acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the 4th quarter valued at $81,000. Finally, Osaic Holdings Inc. increased its position in Invesco QQQ Income Advantage ETF by 235.4% in the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after purchasing an additional 1,177 shares during the period.

About Invesco QQQ Income Advantage ETF

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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.

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