Short Interest in Invesco China Technology ETF (NYSEARCA:CQQQ) Declines By 71.3%

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 932,567 shares, a decrease of 71.3% from the July 30th total of 3,246,901 shares. Based on an average trading volume of 558,884 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.5% of the company’s stock are sold short.

Invesco China Technology ETF Price Performance

Shares of NYSEARCA:CQQQ traded up $0.82 during trading on Thursday, hitting $48.92. 366,809 shares of the company were exchanged, compared to its average volume of 1,228,715. The firm’s 50 day moving average price is $52.33 and its 200-day moving average price is $51.33. Invesco China Technology ETF has a 12-month low of $44.29 and a 12-month high of $61.20. The stock has a market capitalization of $2.97 billion, a P/E ratio of 20.61 and a beta of 0.63.

Institutional Investors Weigh In On Invesco China Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CQQQ. TD Waterhouse Canada Inc. boosted its stake in Invesco China Technology ETF by 23.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 8,780 shares of the company’s stock worth $500,000 after purchasing an additional 1,690 shares during the period. WIT Partners Advisory Pte. Ltd. acquired a new position in Invesco China Technology ETF during the 2nd quarter worth approximately $1,546,000. Triumph Capital Management raised its position in Invesco China Technology ETF by 66.8% in the second quarter. Triumph Capital Management now owns 3,734 shares of the company’s stock worth $213,000 after acquiring an additional 1,496 shares in the last quarter. Finley Financial LLC lifted its stake in shares of Invesco China Technology ETF by 54.6% in the second quarter. Finley Financial LLC now owns 2,010 shares of the company’s stock valued at $115,000 after purchasing an additional 710 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Invesco China Technology ETF by 171.1% during the 1st quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock valued at $9,572,000 after acquiring an additional 131,260 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).