Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Short Interest Down 16.6% in March

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 41,343 shares, a decrease of 16.6% from the February 26th total of 49,554 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 16,866 shares, the days-to-cover ratio is currently 2.5 days.

Invesco ESG NASDAQ 100 ETF Stock Performance

NASDAQ:QQMG opened at $38.50 on Monday. Invesco ESG NASDAQ 100 ETF has a twelve month low of $27.34 and a twelve month high of $44.04. The company has a market cap of $161.70 million, a price-to-earnings ratio of 34.79 and a beta of 1.19. The stock has a fifty day simple moving average of $41.51 and a 200-day simple moving average of $41.92.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.0436 dividend. This represents a $0.17 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QQMG. Onyx Bridge Wealth Group LLC grew its stake in Invesco ESG NASDAQ 100 ETF by 1.2% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 27,419 shares of the company’s stock worth $1,162,000 after acquiring an additional 313 shares in the last quarter. Bank of America Corp DE increased its position in shares of Invesco ESG NASDAQ 100 ETF by 2.0% during the second quarter. Bank of America Corp DE now owns 18,500 shares of the company’s stock worth $700,000 after acquiring an additional 360 shares during the period. Federation des caisses Desjardins du Quebec bought a new stake in shares of Invesco ESG NASDAQ 100 ETF during the fourth quarter valued at approximately $41,000. Fingerlakes Wealth Management Inc. raised its stake in shares of Invesco ESG NASDAQ 100 ETF by 1.5% during the third quarter. Fingerlakes Wealth Management Inc. now owns 69,208 shares of the company’s stock valued at $2,861,000 after acquiring an additional 1,053 shares in the last quarter. Finally, CWM LLC purchased a new stake in shares of Invesco ESG NASDAQ 100 ETF in the third quarter valued at approximately $48,000.

Invesco ESG NASDAQ 100 ETF Company Profile

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.