Short Interest in Invesco China Technology ETF (NYSEARCA:CQQQ) Rises By 44.6%

Invesco China Technology ETF (NYSEARCA:CQQQ) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,681,744 shares, a growth of 44.6% from the March 31st total of 1,854,895 shares. Based on an average daily volume of 775,504 shares, the short-interest ratio is currently 3.5 days. Approximately 5.0% of the company’s shares are short sold.

Institutional Trading of Invesco China Technology ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Uhlmann Price Securities LLC raised its position in shares of 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 valued at $701,000 after acquiring an additional 203 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco China Technology ETF by 1.5% during the 2nd 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 raised its position in shares of Invesco China Technology ETF by 2.3% during the 4th quarter. J. Safra Sarasin Holding AG now owns 18,760 shares of the company’s stock valued at $976,000 after acquiring an additional 430 shares during the last quarter. Heritage Wealth Advisors bought a new stake in shares of Invesco China Technology ETF during the 4th quarter valued at $30,000. Finally, CWM LLC bought a new stake in shares of Invesco China Technology ETF during the 3rd quarter valued at $34,000.

Invesco China Technology ETF Stock Up 3.9%

CQQQ stock traded up $1.93 during trading on Thursday, hitting $51.01. The company had a trading volume of 1,003,430 shares, compared to its average volume of 1,201,526. The firm has a 50-day moving average price of $48.88 and a 200-day moving average price of $52.40. Invesco China Technology ETF has a 12 month low of $40.39 and a 12 month high of $61.20. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 20.61 and a beta of 0.57.

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).