Short Interest in Invesco Top QQQ ETF (NASDAQ:QBIG) Declines By 82.6%

Invesco Top QQQ ETF (NASDAQ:QBIG) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 360 shares, a decrease of 82.6% from the August 15th total of 2,065 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,601 shares, the short-interest ratio is presently 0.1 days.

Invesco Top QQQ ETF Stock Up 1.1%

Shares of NASDAQ QBIG traded up $0.47 during mid-day trading on Friday, reaching $41.57. 3,046 shares of the company were exchanged, compared to its average volume of 6,781. Invesco Top QQQ ETF has a 52 week low of $32.67 and a 52 week high of $43.36. The stock has a market capitalization of $35.34 million, a PE ratio of 36.25 and a beta of 1.72. The company’s 50 day moving average price is $40.60 and its 200 day moving average price is $39.17.

Institutional Investors Weigh In On Invesco Top QQQ ETF

Hedge funds have recently added to or reduced their stakes in the company. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Invesco Top QQQ ETF during the 2nd quarter valued at about $868,000. ATX Financial Planning LLC raised its stake in shares of Invesco Top QQQ ETF by 17.6% during the first quarter. ATX Financial Planning LLC now owns 41,084 shares of the company’s stock worth $1,400,000 after acquiring an additional 6,158 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco Top QQQ ETF by 3,833.0% in the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after acquiring an additional 3,833 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Invesco Top QQQ ETF by 10.0% in the 2nd quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock valued at $709,000 after purchasing an additional 1,975 shares in the last quarter.

About Invesco Top QQQ ETF

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.