Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Update

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 297 shares, a drop of 36.7% from the May 14th total of 469 shares. Based on an average daily volume of 5,106 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

Shares of NASDAQ:QOWZ opened at $33.80 on Monday. Invesco Nasdaq Free Cash Flow Achievers ETF has a 52-week low of $30.58 and a 52-week high of $37.26. The stock has a market cap of $13.52 million, a price-to-earnings ratio of 36.92 and a beta of 0.99. The business has a 50-day moving average price of $33.56 and a 200-day moving average price of $34.22.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0226 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02. This represents a $0.09 annualized dividend and a dividend yield of 0.3%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC acquired a new position in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,672 shares of the company’s stock, valued at approximately $275,000. Concurrent Investment Advisors LLC owned about 1.92% of Invesco Nasdaq Free Cash Flow Achievers ETF as of its most recent SEC filing.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth. QOWZ was launched on Dec 6, 2023 and is issued by Invesco.