Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Increases By 170.0%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 11,120 shares, a growth of 170.0% from the February 12th total of 4,118 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 104,972 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 104,972 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco QQQ Income Advantage ETF Trading Up 0.1%

NASDAQ:QQA opened at $52.23 on Thursday. The stock has a market capitalization of $526.48 million, a P/E ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a 1 year low of $39.86 and a 1 year high of $54.87. The firm has a 50 day moving average of $52.79 and a 200-day moving average of $52.82.

Invesco QQQ Income Advantage ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a $0.4511 dividend. The ex-dividend date was Monday, February 23rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF during the 3rd quarter worth about $25,000. NewEdge Advisors LLC bought a new position in shares of Invesco QQQ Income Advantage ETF in the fourth quarter worth about $29,000. Sunbelt Securities Inc. bought a new position in shares of Invesco QQQ Income Advantage ETF in the fourth quarter worth about $54,000. Geneos Wealth Management Inc. acquired a new position in shares of Invesco QQQ Income Advantage ETF during the fourth quarter worth approximately $81,000. Finally, Osaic Holdings Inc. grew its stake in shares of Invesco QQQ Income Advantage ETF by 235.4% during the second 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.

Invesco QQQ Income Advantage ETF Company Profile

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.