QQQJ Stock Summary and Trading Ideas (Invesco Nasdaq Next Gen 100 ETF | NASDAQ:QQQJ)

The Invesco NASDAQ Next Gen 100 Fund (Fund) is based on the NASDAQ Next Generation 100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index. The Fund and Index are rebalanced quarterly and reconstituted annually.

Invesco Nasdaq Next Gen 100 ETF trades on the NASDAQ stock market under the symbol QQQJ.

As of January 31, 2025, QQQJ stock price declined to $32.17 with 153,384 million shares trading.

QQQJ has a beta of 1.10, meaning it tends to be more sensitive to market movements. QQQJ has a correlation of 0.74 to the broad based SPY ETF.

QQQJ has a market cap of $676.21 million. This is considered a Small Cap stock.

In the last 3 years, QQQJ traded as high as $32.95 and as low as $21.15.

QQQJ has underperformed the market in the last year with a price return of +20.8% while the SPY ETF gained +24.0%. However, in the short term, QQQJ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.0% vs +4.1% return in SPY. But in the last 2 weeks, QQQJ shares have been beat by the market, returning +1.5% compared to an SPY return of +1.7%.

QQQJ support price is $32.15 and resistance is $32.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QQQJ shares will trade within this expected range on the day.