Investors Buy Large Volume of Invesco NASDAQ 100 ETF Call Options (NASDAQ:QQQM)

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw some unusual options trading activity on Thursday. Traders acquired 4,645 call options on the stock. This represents an increase of 115% compared to the average volume of 2,161 call options.

Invesco NASDAQ 100 ETF Trading Down 0.6%

QQQM traded down $1.74 on Thursday, hitting $298.39. The company had a trading volume of 2,467,145 shares, compared to its average volume of 3,980,598. The firm has a market cap of $108.56 billion, a P/E ratio of 31.95 and a beta of 1.22. The company’s fifty day moving average price is $299.22 and its 200 day moving average price is $289.07. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Investors Research Corp purchased a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $38,000. SJS Investment Consulting Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $40,000. Osbon Capital Management LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $41,000. Versant Capital Management Inc bought a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at $41,000. Finally, Downshift Financial LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 938.5% during the third quarter. Downshift Financial LLC now owns 135 shares of the company’s stock worth $41,000 after purchasing an additional 122 shares during the period.

Invesco NASDAQ 100 ETF Company Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.