Short Interest in Invesco China Technology ETF (NYSEARCA:CQQQ) Decreases By 39.4%

Invesco China Technology ETF (NYSEARCA:CQQQ) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 565,350 shares, a decrease of 39.4% from the August 15th total of 932,567 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 722,772 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Invesco China Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Altus USA Inc. acquired a new stake in shares of Invesco China Technology ETF during the second quarter valued at $246,000. BlueCrest Capital Management Ltd purchased a new position in Invesco China Technology ETF in the 2nd quarter valued at about $5,423,000. Integrated Wealth Concepts LLC purchased a new position in Invesco China Technology ETF in the 2nd quarter valued at about $139,000. TD Waterhouse Canada Inc. boosted its stake in shares of 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 last quarter. Finally, WIT Partners Advisory Pte. Ltd. acquired a new stake in shares of Invesco China Technology ETF during the 2nd quarter worth about $1,546,000.

Invesco China Technology ETF Stock Performance

NYSEARCA:CQQQ traded up $0.77 during mid-day trading on Friday, hitting $47.03. 274,774 shares of the company’s stock traded hands, compared to its average volume of 1,201,791. The company has a market cap of $2.86 billion, a PE ratio of 20.61 and a beta of 0.63. The firm’s 50 day simple moving average is $49.93 and its 200 day simple moving average is $50.67. Invesco China Technology ETF has a 1 year low of $44.29 and a 1 year high of $61.20.

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).