The Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) experienced a notable decrease in short interest as of February 27, 2023. The short interest amounted to 4,893 shares, reflecting a significant drop of 43.3% from the previously reported 8,633 shares on February 12. With an average daily trading volume of 4,010 shares, this equates to a short-interest ratio of approximately 1.2 days, indicating that around 1.4% of the ETF’s shares are currently sold short.
On the trading front, the Invesco Nasdaq Future Gen 200 ETF saw its stock price decline by $0.35 on the last trading day, bringing it to $34.07. The trading volume reached 5,075 shares, which is below its average volume of 6,508 shares. In terms of performance metrics, the ETF has a fifty-day simple moving average of $35.66 and a two-hundred-day simple moving average of $34.31. The fund’s 52-week trading range shows a low of $19.55 and a high of $37.53.
Dividend Increase Announced
In related news, the Invesco Nasdaq Future Gen 200 ETF recently announced an increase in its quarterly dividend, which was paid on December 26, 2022. Shareholders on record as of December 22 received a dividend of $0.6326 per share. This represents an annualized dividend of $2.53 and a yield of 7.4%. This new dividend marks an increase from the previous quarterly payout of $0.40, showcasing the ETF’s commitment to returning value to its shareholders.
About the ETF
The Invesco Nasdaq Future Gen 200 ETF is designed to track the NASDAQ Innovators Completion Cap Index, focusing on an equal-weighted selection of 200 NASDAQ-listed stocks. These stocks are chosen based on the strength of their patent portfolios, excluding the largest 200 stocks on the NASDAQ. Launched on October 13, 2022, the ETF is managed by Invesco, a well-known investment management firm.
Investors interested in the Invesco Nasdaq Future Gen 200 ETF can monitor its performance and updates through various financial news platforms, ensuring they stay informed on developments affecting this innovative fund.
