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

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

Invesco China Technology ETF Price Performance

NYSEARCA CQQQ traded up $0.09 during midday trading on Thursday, hitting $46.27. 790,980 shares of the company traded hands, compared to its average volume of 1,207,049. Invesco China Technology ETF has a 52 week low of $44.29 and a 52 week high of $61.20. The company’s 50-day simple moving average is $50.15 and its 200-day simple moving average is $50.71. The company has a market cap of $2.81 billion, a PE ratio of 20.61 and a beta of 0.63.

Institutional Investors Weigh In On Invesco China Technology ETF

A number of institutional investors have recently added to or reduced their stakes in CQQQ. PNC Financial Services Group Inc. raised its holdings in Invesco China Technology ETF by 23.0% in the first quarter. PNC Financial Services Group Inc. now owns 10,218,668 shares of the company’s stock worth $470,263,000 after purchasing an additional 1,911,051 shares in the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of Invesco China Technology ETF by 9.9% in the 1st quarter. Meitav Investment House Ltd. now owns 1,066,020 shares of the company’s stock valued at $49,058,000 after buying an additional 95,600 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco China Technology ETF by 171.1% in the 1st quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock valued at $9,572,000 after buying an additional 131,260 shares in the last quarter. Jessup Wealth Management Inc purchased a new position in shares of Invesco China Technology ETF in the 4th quarter worth approximately $7,004,000. Finally, Evelyn Partners Asset Management Ltd purchased a new position in shares of Invesco China Technology ETF in the 1st quarter worth approximately $4,866,000.

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).