Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Shorted: Short Interest Up 334.5% in September

Invesco China Technology ETF (NYSEARCA:CQQQ) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 923,350 shares, a growth of 334.5% from the September 15th total of 212,522 shares. Based on an average trading volume of 735,573 shares, the short-interest ratio is currently 1.3 days. Currently, 1.6% of the shares of the company are sold short.

Invesco China Technology ETF Stock Down 2.2%

CQQQ stock traded down $0.98 during midday trading on Monday, reaching $42.90. The company had a trading volume of 244,284 shares, compared to its average volume of 1,170,967. The stock has a 50 day moving average price of $48.00 and a 200 day moving average price of $50.27. Invesco China Technology ETF has a fifty-two week low of $42.85 and a fifty-two week high of $58.92. The firm has a market capitalization of $2.39 billion, a PE ratio of 20.61 and a beta of 0.62.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CQQQ. PNC Financial Services Group Inc. grew its position in Invesco China Technology ETF by 23.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,218,668 shares of the company’s stock worth $470,263,000 after purchasing an additional 1,911,051 shares during the last quarter. Meitav Investment House Ltd. raised its holdings in shares of Invesco China Technology ETF by 9.9% during the first quarter. Meitav Investment House Ltd. now owns 1,066,020 shares of the company’s stock valued at $49,058,000 after buying an additional 95,600 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco China Technology ETF by 171.1% during the first quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock valued at $9,572,000 after buying an additional 131,260 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco China Technology ETF by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 112,965 shares of the company’s stock valued at $6,442,000 after buying an additional 1,216 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Invesco China Technology ETF during the second quarter worth approximately $5,423,000.

About Invesco China Technology ETF

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).