Invesco Nasdaq International Innovators 100 ETF (NASDAQ:QQI) Sees Significant Decline in Short Interest

Invesco Nasdaq International Innovators 100 ETF (NASDAQ:QQI) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 1,072 shares, a drop of 90.1% from the October 15th total of 10,797 shares. Based on an average trading volume of 13,516 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the company’s stock are sold short.

Invesco Nasdaq International Innovators 100 ETF Trading Up 0.5%

QQI opened at $24.68 on Wednesday. Invesco Nasdaq International Innovators 100 ETF has a 1 year low of $23.66 and a 1 year high of $27.66. The firm has a market cap of $3.95 million and a price-to-earnings ratio of 19.39.

About Invesco Nasdaq International Innovators 100 ETF

Invesco Nasdaq International Innovators 100 ETF (NASDAQ:QQI) is an exchange-traded fund managed by Invesco. The fund is designed to provide investors with diversified exposure to international companies identified by Nasdaq as innovators, rather than investing in a single company or industry. QQI seeks to track the Nasdaq International Innovators 100 Index, which is composed of companies headquartered outside the United States. The index emphasizes businesses that demonstrate characteristics associated with innovation, such as research and development activity, patent generation and other measures of technological or commercial advancement.