Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Update

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 48,858 shares, an increase of 248.7% from the August 15th total of 14,012 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 103,557 shares, the short-interest ratio is currently 0.5 days.

Invesco QQQ Income Advantage ETF Stock Up 0.8%

QQA traded up $0.42 during trading on Friday, reaching $56.16. 109,716 shares of the stock traded hands, compared to its average volume of 118,050. The stock’s 50-day moving average is $55.91 and its 200 day moving average is $54.85. Invesco QQQ Income Advantage ETF has a 12 month low of $48.20 and a 12 month high of $58.53. The stock has a market capitalization of $807.58 million, a PE ratio of 31.47 and a beta of 0.95.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Several large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF in the third quarter valued at approximately $25,000. NewEdge Advisors LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF during the 4th quarter worth approximately $29,000. Brown Lisle Cummings Inc. bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter valued at $41,000. Sunbelt Securities Inc. bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 4th quarter valued at $54,000. Finally, Osaic Holdings Inc. lifted its position in shares of Invesco QQQ Income Advantage ETF by 235.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after acquiring an additional 1,177 shares during the period.

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.