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

Invesco China Technology ETF (NYSEARCA:CQQQ) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,309,726 shares, a growth of 451.8% from the October 15th total of 418,580 shares. Approximately 5.0% of the shares of the company are short sold. Based on an average trading volume of 1,035,443 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Invesco China Technology ETF

A number of institutional investors have recently modified their holdings of CQQQ. BlueCrest Capital Management Ltd purchased a new stake in shares of Invesco China Technology ETF in the second quarter worth about $5,423,000. Bank Pictet & Cie Europe AG acquired a new stake in Invesco China Technology ETF during the third quarter worth about $2,613,000. Bank of America Corp DE raised its position 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 acquiring an additional 131,260 shares in the last quarter. Evelyn Partners Investment Management Services Ltd purchased a new stake in Invesco China Technology ETF in the 1st quarter worth approximately $1,091,000. Finally, Banque Pictet & Cie SA acquired a new stake in shares of Invesco China Technology ETF during the 3rd quarter worth approximately $7,510,000.

Invesco China Technology ETF Stock Performance

Shares of Invesco China Technology ETF stock traded up $0.38 during trading on Wednesday, hitting $39.87. 555,442 shares of the company’s stock were exchanged, compared to its average volume of 1,222,354. The business has a 50-day simple moving average of $43.60 and a 200-day simple moving average of $49.56. Invesco China Technology ETF has a 52-week low of $37.58 and a 52-week high of $58.92. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 15.68 and a beta of 0.64.

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).