Invesco QQQ Trust (QQQ) Short Interest Update

Invesco QQQ Trust (NASDAQ:QQQ) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 63,514,822 shares, a decrease of 15.3% from the December 14th total of 75,008,704 shares. Based on an average daily trading volume, of 83,333,736 shares, the days-to-cover ratio is currently 0.8 days. Currently, 16.1% of the company’s shares are sold short.

Separately, Bank of America lowered Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th.

Shares of QQQ stock traded up $2.08 during midday trading on Monday, hitting $169.53. The company had a trading volume of 26,540,311 shares, compared to its average volume of 43,145,008. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $187.53.

Several institutional investors have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in shares of Invesco QQQ Trust by 31.9% in the third quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock valued at $3,345,675,000 after buying an additional 4,353,877 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Invesco QQQ Trust by 2,211.8% in the third quarter. Toronto Dominion Bank now owns 4,693,000 shares of the exchange traded fund’s stock valued at $871,915,000 after purchasing an additional 4,490,000 shares during the period. Banque Pictet & Cie SA grew its position in shares of Invesco QQQ Trust by 569.1% in the fourth quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock valued at $487,424,000 after purchasing an additional 2,687,482 shares during the period. Pictet North America Advisors SA grew its position in Invesco QQQ Trust by 14,018.3% during the fourth quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock valued at $469,227,000 after acquiring an additional 3,020,250 shares during the period. Finally, CHURCHILL MANAGEMENT Corp grew its position in Invesco QQQ Trust by 51.4% during the third quarter. CHURCHILL MANAGEMENT Corp now owns 1,863,514 shares of the exchange traded fund’s stock valued at $346,222,000 after acquiring an additional 633,057 shares during the period. Hedge funds and other institutional investors own 41.49% of the company’s stock.

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Invesco QQQ Trust Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Read More: Certificate of Deposit (CD)

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