Invesco China Technology ETF (NYSEARCA:CQQQ) Short Interest Update

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

Hedge Funds Weigh In On Invesco China Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Manchester Capital Management LLC bought a new position in shares of Invesco China Technology ETF in the 4th quarter worth $34,000. Finley Financial LLC grew its position in Invesco China Technology ETF by 54.6% in the 2nd quarter. Finley Financial LLC now owns 2,010 shares of the company’s stock valued at $115,000 after purchasing an additional 710 shares during the period. Group One Trading LLC increased its stake in Invesco China Technology ETF by 1,001.0% during the 1st quarter. Group One Trading LLC now owns 2,158 shares of the company’s stock valued at $99,000 after purchasing an additional 1,962 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Invesco China Technology ETF during the 2nd quarter valued at $139,000. Finally, Triumph Capital Management raised its holdings in Invesco China Technology ETF by 66.8% during the second quarter. Triumph Capital Management now owns 3,734 shares of the company’s stock worth $213,000 after buying an additional 1,496 shares during the last quarter.

Invesco China Technology ETF Trading Up 0.9%

NYSEARCA CQQQ traded up $0.40 during trading hours on Wednesday, hitting $46.51. 209,491 shares of the company’s stock were exchanged, compared to its average volume of 1,206,877. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 20.61 and a beta of 0.63. Invesco China Technology ETF has a 1-year low of $44.29 and a 1-year high of $61.20. The stock has a 50-day simple moving average of $50.32 and a 200 day simple moving average of $50.75.

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).