Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Shorted: Short Interest Down 62.4% in September

Invesco China Technology ETF (NYSEARCA:CQQQ) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 212,522 shares, a drop of 62.4% from the August 31st total of 565,350 shares. Based on an average daily volume of 1,027,129 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of Invesco China Technology ETF

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

Invesco China Technology ETF Stock Down 2.2%

CQQQ traded down $1.03 during trading on Monday, hitting $45.41. The company’s stock had a trading volume of 1,021,271 shares, compared to its average volume of 1,187,551. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 20.61 and a beta of 0.63. The firm’s 50 day moving average price is $49.20 and its two-hundred day moving average price is $50.57. Invesco China Technology ETF has a 12 month low of $44.29 and a 12 month 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).