Invesco China Technology ETF (NYSEARCA:CQQQ) Short Interest Up 1,926.9% in January

Invesco China Technology ETF (NYSEARCA:CQQQ) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,746,219 shares, an increase of 1,926.9% from the December 31st total of 135,486 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average daily volume of 1,752,532 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 1,752,532 shares, the days-to-cover ratio is presently 1.6 days. Currently, 5.0% of the shares of the company are sold short.

Invesco China Technology ETF Trading Up 1.1%

NYSEARCA CQQQ traded up $0.61 on Tuesday, hitting $57.75. 2,670,235 shares of the company were exchanged, compared to its average volume of 1,523,405. The company has a market cap of $3.18 billion, a P/E ratio of 20.61 and a beta of 0.43. The firm has a 50 day moving average of $53.74 and a two-hundred day moving average of $53.23. Invesco China Technology ETF has a 1-year low of $35.62 and a 1-year high of $61.20.

Hedge Funds Weigh In On Invesco China Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Uhlmann Price Securities LLC lifted its holdings in Invesco China Technology ETF by 1.5% during the 4th quarter. Uhlmann Price Securities LLC now owns 13,477 shares of the company’s stock worth $701,000 after purchasing an additional 203 shares during the last quarter. JPMorgan Chase & Co. grew its position in Invesco China Technology ETF by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 27,783 shares of the company’s stock valued at $1,229,000 after acquiring an additional 424 shares during the last quarter. J. Safra Sarasin Holding AG lifted its stake in Invesco China Technology ETF by 2.3% in the 4th quarter. J. Safra Sarasin Holding AG now owns 18,760 shares of the company’s stock valued at $976,000 after purchasing an additional 430 shares during the last quarter. CWM LLC acquired a new stake in shares of Invesco China Technology ETF during the 3rd quarter valued at $34,000. Finally, Optimum Investment Advisors increased its stake in shares of Invesco China Technology ETF by 40.3% in the second quarter. Optimum Investment Advisors now owns 2,525 shares of the company’s stock valued at $112,000 after buying an additional 725 shares during the period.

Invesco China Technology ETF Company Profile

Guggenheim China Technology ETF (the Fund), formerly Claymore China Technology ETF, seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the AlphaShares China Technology Index (the Index). The Fund will invest at least 80% of its total assets in common stock, American depositary receipts (ADRs), American depositary shares (ADSs), global depositary receipts (GDRs) and international depositary receipts (IDRs) that comprise the Index and depositary receipts or shares representing common stocks included in the Index (or underlying securities representing ADRs, ADSs, GDRs and IDRs included in the Index).