Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Decreases By 85.3%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 4,118 shares, a decrease of 85.3% from the January 29th total of 28,069 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 111,684 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 111,684 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Invesco QQQ Income Advantage ETF Stock Performance

Invesco QQQ Income Advantage ETF stock opened at $52.68 on Thursday. The stock has a 50-day simple moving average of $53.05 and a 200 day simple moving average of $52.76. The stock has a market capitalization of $531.01 million, a P/E ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a 52 week low of $39.86 and a 52 week high of $54.87.

Invesco QQQ Income Advantage ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be paid a dividend of $0.4511 per share. The ex-dividend date is Monday, February 23rd.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in shares of Invesco QQQ Income Advantage ETF in the third quarter valued at $25,000. NewEdge Advisors LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF during the 4th quarter worth about $29,000. Sunbelt Securities Inc. bought a new stake in shares of Invesco QQQ Income Advantage ETF during the 4th quarter worth about $54,000. Geneos Wealth Management Inc. acquired a new position in Invesco QQQ Income Advantage ETF in the 4th quarter valued at about $81,000. Finally, Osaic Holdings Inc. raised its holdings in Invesco QQQ Income Advantage ETF by 235.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after acquiring an additional 1,177 shares during the period.

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.