Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Update

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,498 shares, a decline of 62.5% from the June 15th total of 3,996 shares. Based on an average trading volume of 6,128 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Invesco Top QQQ ETF Stock Performance

Shares of QBIG opened at $40.33 on Monday. Invesco Top QQQ ETF has a twelve month low of $32.67 and a twelve month high of $43.36. The company has a market cap of $34.28 million, a P/E ratio of 36.25 and a beta of 1.75. The company’s fifty day simple moving average is $40.64 and its 200-day simple moving average is $38.25.

Hedge Funds Weigh In On Invesco Top QQQ ETF

Hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in Invesco Top QQQ ETF by 2.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock worth $676,000 after purchasing an additional 404 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Invesco Top QQQ ETF by 10.0% during the second quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock valued at $709,000 after buying an additional 1,975 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Invesco Top QQQ ETF by 3,833.0% during the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock valued at $129,000 after buying an additional 3,833 shares during the last quarter. ATX Financial Planning LLC raised its holdings in shares of Invesco Top QQQ ETF by 17.6% in the first quarter. ATX Financial Planning LLC now owns 41,084 shares of the company’s stock worth $1,400,000 after buying an additional 6,158 shares during the period. Finally, Financial & Tax Architects LLC purchased a new stake in shares of Invesco Top QQQ ETF in the fourth quarter worth approximately $275,000.

Invesco Top QQQ ETF Company Profile

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.