Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Shares Shorted: Short Interest Down 63.3% in September

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 86,602 shares, a decline of 63.3% from the September 15th total of 236,212 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 192,357 shares, the short-interest ratio is currently 0.5 days.

Invesco NASDAQ Next Gen 100 ETF Price Performance

QQQJ traded down $0.23 during trading on Tuesday, hitting $44.36. The company’s stock had a trading volume of 95,811 shares, compared to its average volume of 173,412. The firm’s 50 day moving average price is $45.09 and its 200-day moving average price is $43.31. The stock has a market cap of $1.18 billion, a PE ratio of 22.27 and a beta of 1.13. Invesco NASDAQ Next Gen 100 ETF has a twelve month low of $34.39 and a twelve month high of $46.94.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QQQJ. Fifth Third Bancorp purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the 1st quarter valued at about $43,000. International Assets Investment Management LLC increased its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 111.6% during the 1st quarter. International Assets Investment Management LLC now owns 1,481 shares of the company’s stock valued at $54,000 after acquiring an additional 781 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 191.9% during the 1st quarter. Bogart Wealth LLC now owns 3,938 shares of the company’s stock worth $143,000 after acquiring an additional 2,589 shares during the period. World Investment Advisors purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth about $231,000. Finally, City Center Advisors LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth about $253,000.

About Invesco NASDAQ Next Gen 100 ETF

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.