Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Short Interest Update

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 2,218 shares, a decrease of 90.6% from the January 15th total of 23,534 shares. Based on an average daily trading volume, of 37,007 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 37,007 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco Nasdaq Biotechnology ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atria Investments Inc acquired a new stake in shares of Invesco Nasdaq Biotechnology ETF in the 2nd quarter worth $211,000. LPL Financial LLC purchased a new position in Invesco Nasdaq Biotechnology ETF during the fourth quarter worth about $1,220,000. Ignite Planners LLC purchased a new position in Invesco Nasdaq Biotechnology ETF during the fourth quarter worth about $220,000. Advisory Services Network LLC acquired a new stake in Invesco Nasdaq Biotechnology ETF in the third quarter valued at about $52,000. Finally, GeoWealth Management LLC purchased a new stake in Invesco Nasdaq Biotechnology ETF in the 3rd quarter valued at approximately $451,000.

Invesco Nasdaq Biotechnology ETF Stock Down 1.0%

IBBQ stock traded down $0.30 during trading on Thursday, hitting $29.15. The company had a trading volume of 11,920 shares, compared to its average volume of 55,508. The firm has a 50-day moving average price of $28.91 and a 200-day moving average price of $26.41. The firm has a market cap of $73.17 million, a PE ratio of 17.03 and a beta of 0.67. Invesco Nasdaq Biotechnology ETF has a 1-year low of $17.84 and a 1-year high of $30.13.

Invesco Nasdaq Biotechnology ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.0906 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%.

Invesco Nasdaq Biotechnology ETF Company Profile

The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.