Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Down 51.2% in March

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,100 shares, a drop of 51.2% from the March 15th total of 4,300 shares. Based on an average daily volume of 6,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

Invesco Nasdaq Free Cash Flow Achievers ETF Trading Down 1.3 %

Shares of NASDAQ:QOWZ traded down $0.41 during trading on Wednesday, reaching $30.18. The stock had a trading volume of 1,180 shares, compared to its average volume of 5,726. The firm’s 50-day simple moving average is $32.15 and its 200 day simple moving average is $33.25. Invesco Nasdaq Free Cash Flow Achievers ETF has a one year low of $26.69 and a one year high of $35.47. The company has a market capitalization of $15.09 million, a P/E ratio of 33.26 and a beta of 1.34.

Invesco Nasdaq Free Cash Flow Achievers ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.0298 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Concurrent Investment Advisors LLC purchased a new position in Invesco Nasdaq Free Cash Flow Achievers ETF in the 4th quarter valued at $581,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 101,732 shares of the company’s stock worth $3,408,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF by 30.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 118,994 shares of the company’s stock worth $3,986,000 after purchasing an additional 28,123 shares during the period.

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.