Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Unusually-High Trading Volume

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) saw an uptick in trading volume on Monday . 139,233 shares were traded during trading, a decline of 51% from the previous session’s volume of 281,870 shares.The stock last traded at $34.30 and had previously closed at $33.98.

Invesco China Technology ETF Price Performance

The company has a market cap of $653.78 million, a price-to-earnings ratio of 16.08 and a beta of 0.64. The firm has a 50-day moving average price of $32.09 and a 200 day moving average price of $33.49.

Hedge Funds Weigh In On Invesco China Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Invesco China Technology ETF during the 4th quarter valued at $32,000. SG Americas Securities LLC lifted its position in Invesco China Technology ETF by 50.5% during the third quarter. SG Americas Securities LLC now owns 7,493 shares of the company’s stock worth $271,000 after purchasing an additional 2,514 shares during the period. Sycomore Asset Management acquired a new stake in Invesco China Technology ETF during the first quarter worth about $317,000. Axxcess Wealth Management LLC bought a new position in Invesco China Technology ETF in the 4th quarter valued at about $363,000. Finally, HighTower Advisors LLC acquired a new position in shares of Invesco China Technology ETF in the 3rd quarter valued at approximately $634,000.

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).