Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Shares Shorted: Short Interest Down 58.6% in September

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 20,233 shares, a decline of 58.6% from the August 31st total of 48,858 shares. Based on an average trading volume of 104,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its holdings in Invesco QQQ Income Advantage ETF by 11.7% in the first quarter. Private Advisor Group LLC now owns 189,100 shares of the company’s stock worth $9,432,000 after acquiring an additional 19,776 shares in the last quarter. Triad Wealth Partners LLC increased its holdings in shares of Invesco QQQ Income Advantage ETF by 225.0% during the first quarter. Triad Wealth Partners LLC now owns 76,951 shares of the company’s stock valued at $3,838,000 after acquiring an additional 53,272 shares in the last quarter. Talon Private Wealth LLC purchased a new position in shares of Invesco QQQ Income Advantage ETF in the 1st quarter worth about $4,172,000. Kingsview Wealth Management LLC bought a new position in Invesco QQQ Income Advantage ETF in the 4th quarter worth about $1,069,000. Finally, Apollon Wealth Management LLC boosted its stake in Invesco QQQ Income Advantage ETF by 134.6% in the 1st quarter. Apollon Wealth Management LLC now owns 52,900 shares of the company’s stock worth $2,639,000 after purchasing an additional 30,352 shares in the last quarter.

Invesco QQQ Income Advantage ETF Trading Down 0.6%

QQA traded down $0.33 during midday trading on Monday, reaching $56.95. The company’s stock had a trading volume of 67,756 shares, compared to its average volume of 117,220. Invesco QQQ Income Advantage ETF has a 1 year low of $48.20 and a 1 year high of $58.53. The stock’s 50-day moving average is $55.92 and its 200-day moving average is $55.19. The firm has a market capitalization of $892.98 million, a price-to-earnings ratio of 31.47 and a beta of 0.95.

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.