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

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,805,736 shares, a drop of 46.5% from the February 26th total of 3,374,282 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,575,316 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Invesco China Technology ETF

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in shares of Invesco China Technology ETF by 69.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,307,617 shares of the company’s stock valued at $431,996,000 after acquiring an additional 3,415,527 shares during the period. Bank of Nova Scotia purchased a new position in shares of Invesco China Technology ETF during the 3rd quarter worth approximately $119,817,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Invesco China Technology ETF in the 4th quarter valued at approximately $94,931,000. Citadel Advisors LLC increased its holdings in Invesco China Technology ETF by 5,111.4% in the 3rd quarter. Citadel Advisors LLC now owns 1,086,309 shares of the company’s stock valued at $64,103,000 after purchasing an additional 1,065,464 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Invesco China Technology ETF by 7.0% in the third quarter. Schroder Investment Management Group now owns 1,000,000 shares of the company’s stock valued at $58,200,000 after purchasing an additional 65,000 shares during the period.

Invesco China Technology ETF Stock Performance

CQQQ opened at $45.36 on Friday. The business’s 50 day moving average price is $52.34 and its 200 day moving average price is $53.96. The stock has a market capitalization of $2.56 billion, a PE ratio of 20.61 and a beta of 0.43. Invesco China Technology ETF has a one year low of $35.62 and a one 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).