Short Interest in Invesco China Technology ETF (NYSEARCA:CQQQ) Decreases By 67.5%

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 135,486 shares, a decline of 67.5% from the December 15th total of 416,767 shares. Based on an average daily volume of 806,168 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 806,168 shares, the short-interest ratio is currently 0.2 days.

Invesco China Technology ETF Price Performance

Shares of CQQQ stock traded up $0.14 during trading hours on Thursday, reaching $57.53. 968,171 shares of the company traded hands, compared to its average volume of 1,752,473. The firm has a 50-day moving average price of $53.30 and a 200 day moving average price of $52.37. The company has a market cap of $3.13 billion, a P/E ratio of 20.61 and a beta of 0.43. Invesco China Technology ETF has a 12-month low of $35.62 and a 12-month high of $61.20.

Institutional Trading of Invesco China Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CQQQ. PNC Financial Services Group Inc. bought a new stake in Invesco China Technology ETF in the third quarter worth $288,682,000. Bank of Nova Scotia purchased a new position in shares of Invesco China Technology ETF in the 3rd quarter worth $119,817,000. Citadel Advisors LLC increased its holdings in shares of Invesco China Technology ETF by 5,111.4% in the 3rd quarter. Citadel Advisors LLC now owns 1,086,309 shares of the company’s stock worth $64,103,000 after buying an additional 1,065,464 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Invesco China Technology ETF during the 3rd quarter valued at about $46,920,000. Finally, Meitav Investment House Ltd. lifted its holdings in shares of Invesco China Technology ETF by 240.0% in the 2nd quarter. Meitav Investment House Ltd. now owns 970,420 shares of the company’s stock valued at $42,966,000 after acquiring an additional 685,000 shares during the last quarter.

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).