Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Short Interest Up 72.7% in May

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 96,528 shares, a growth of 72.7% from the May 14th total of 55,894 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 15,682 shares, the days-to-cover ratio is currently 6.2 days.

Hedge Funds Weigh In On Invesco ESG NASDAQ 100 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in QQMG. Pearl Planning LLC bought a new position in Invesco ESG NASDAQ 100 ETF in the 4th quarter valued at about $2,239,000. Dynamic Advisor Solutions LLC bought a new position in Invesco ESG NASDAQ 100 ETF in the 4th quarter valued at about $869,000. Western Wealth Management LLC lifted its position in Invesco ESG NASDAQ 100 ETF by 67.3% in the 4th quarter. Western Wealth Management LLC now owns 9,367 shares of the company’s stock valued at $397,000 after acquiring an additional 3,767 shares in the last quarter. Fingerlakes Wealth Management Inc. lifted its position in Invesco ESG NASDAQ 100 ETF by 5.8% in the 4th quarter. Fingerlakes Wealth Management Inc. now owns 73,199 shares of the company’s stock valued at $3,102,000 after acquiring an additional 3,991 shares in the last quarter. Finally, Golden State Equity Partners bought a new position in Invesco ESG NASDAQ 100 ETF in the 4th quarter valued at about $242,000.

Invesco ESG NASDAQ 100 ETF Price Performance

Shares of QQMG stock traded down $1.04 on Tuesday, reaching $50.54. 12,741 shares of the company were exchanged, compared to its average volume of 24,587. The company has a market cap of $207.21 million, a price-to-earnings ratio of 34.79 and a beta of 1.24. The company has a 50-day moving average of $47.22 and a 200-day moving average of $43.78. Invesco ESG NASDAQ 100 ETF has a one year low of $35.84 and a one year high of $51.93.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.0436 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco ESG NASDAQ 100 ETF

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.