Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) Sees Significant Growth in Short Interest

Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,086 shares, a growth of 341.5% from the April 15th total of 246 shares. Based on an average trading volume of 952 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the shares of the company are sold short.

Invesco QQQ Hedged Advantage ETF Price Performance

Shares of QQHG stock opened at $64.83 on Wednesday. The company has a market capitalization of $12.97 million, a price-to-earnings ratio of 32.70 and a beta of 0.73. Invesco QQQ Hedged Advantage ETF has a one year low of $51.49 and a one year high of $64.94. The company’s fifty day moving average price is $60.93 and its 200-day moving average price is $60.50.

Invesco QQQ Hedged Advantage ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.0358 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco QQQ Hedged Advantage ETF’s previous quarterly dividend of $0.03.

Hedge Funds Weigh In On Invesco QQQ Hedged Advantage ETF

An institutional investor recently bought a new position in Invesco QQQ Hedged Advantage ETF stock. Jane Street Group LLC bought a new stake in shares of Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 47,898 shares of the company’s stock, valued at approximately $2,598,000. Jane Street Group LLC owned approximately 23.95% of Invesco QQQ Hedged Advantage ETF as of its most recent SEC filing.

Invesco QQQ Hedged Advantage ETF Company Profile

Invesco Actively Managed Exchange-Traded Fund Trust – Invesco QQQ Hedged Advantage ETF is an is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund is co-managed by Invesco Advisers, Inc The fund invests in public equity markets of global region. It invests directly and through derivatives in stocks of companies operating across communication services, consumer discretionary, consumer staples, energy, health care, industrials, information technology, materials, real estate and utilities sectors.