Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Drops By 63.2%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 20,536 shares, a decrease of 63.2% from the November 30th total of 55,808 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 106,172 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 106,172 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Foundations Investment Advisors LLC increased its stake in Invesco QQQ Income Advantage ETF by 4.4% during the third quarter. Foundations Investment Advisors LLC now owns 7,012 shares of the company’s stock worth $369,000 after purchasing an additional 298 shares during the period. Advisory Services Network LLC acquired a new position in shares of Invesco QQQ Income Advantage ETF in the third quarter valued at approximately $25,000. Stratos Wealth Partners LTD. increased its position in shares of Invesco QQQ Income Advantage ETF by 17.9% during the third quarter. Stratos Wealth Partners LTD. now owns 6,985 shares of the company’s stock worth $368,000 after acquiring an additional 1,061 shares during the period. Osaic Holdings Inc. raised its position 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 purchasing an additional 1,177 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Invesco QQQ Income Advantage ETF by 3.9% in the 2nd quarter. Cetera Investment Advisers now owns 105,395 shares of the company’s stock valued at $5,291,000 after buying an additional 3,988 shares during the period.

Invesco QQQ Income Advantage ETF Trading Down 0.1%

NASDAQ:QQA traded down $0.05 during trading hours on Friday, hitting $53.59. The company had a trading volume of 39,153 shares, compared to its average volume of 66,077. Invesco QQQ Income Advantage ETF has a 1 year low of $39.86 and a 1 year high of $54.87. The company has a 50-day moving average of $53.28 and a 200 day moving average of $51.89. The company has a market cap of $427.65 million, a P/E ratio of 31.47 and a beta of 0.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.459 per share. The ex-dividend date is Monday, December 22nd. This is an increase from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

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.