Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Significant Decrease in Short Interest

Invesco China Technology ETF (NYSEARCA:CQQQ) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 418,580 shares, a decrease of 54.7% from the September 30th total of 923,350 shares. Based on an average trading volume of 1,535,494 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.8% of the company’s shares are short sold.

Invesco China Technology ETF Price Performance

NYSEARCA CQQQ traded down $0.96 on Friday, hitting $37.78. 1,317,408 shares of the stock were exchanged, compared to its average volume of 1,194,428. The business’s fifty day moving average is $45.11 and its 200 day moving average is $50.28. The company has a market capitalization of $1.82 billion, a PE ratio of 20.61 and a beta of 0.62. Invesco China Technology ETF has a 52 week low of $37.58 and a 52 week high of $58.92.

Hedge Funds Weigh In On Invesco China Technology ETF

A number of institutional investors have recently added to or reduced their stakes in CQQQ. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco China Technology ETF by 23.0% during the first 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 period. Meitav Investment House Ltd. grew its stake in Invesco China Technology ETF by 9.9% in the 1st quarter. Meitav Investment House Ltd. now owns 1,066,020 shares of the company’s stock valued at $49,058,000 after purchasing an additional 95,600 shares during the period. Summit Rock Advisors LP bought a new position in Invesco China Technology ETF during the third quarter valued at $20,089,000. Evergreen Capital Management LLC purchased a new position in Invesco China Technology ETF in the 3rd quarter valued at approximately $10,354,000. Finally, Bank of America Corp DE boosted its stake in 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 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).