Invesco China Technology ETF (NYSEARCA:CQQQ – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 418,580 shares, a drop of 54.7% from the September 30th total of 923,350 shares. Based on an average daily volume of 1,535,494 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.8% of the company’s shares are short sold.
Institutional Trading of Invesco China Technology ETF
Several institutional investors have recently added to or reduced their stakes in CQQQ. PNC Financial Services Group Inc. raised its position in shares of Invesco China Technology ETF by 23.0% during 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 during the period. Meitav Investment House Ltd. raised its holdings in 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 worth $49,058,000 after acquiring an additional 95,600 shares during the period. Summit Rock Advisors LP bought a new position in Invesco China Technology ETF during the third quarter valued at about $20,089,000. Evergreen Capital Management LLC bought a new position in shares of Invesco China Technology ETF during the third quarter valued at $10,354,000. Finally, Bank of America Corp DE increased its holdings in Invesco China Technology ETF by 171.1% during the 1st quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock valued at $9,572,000 after purchasing an additional 131,260 shares in the last quarter.
Invesco China Technology ETF Stock Performance
Shares of CQQQ traded down $0.96 during trading hours on Friday, hitting $37.78. The stock had a trading volume of 1,317,408 shares, compared to its average volume of 1,194,428. The firm has a market cap of $1.82 billion, a P/E ratio of 20.61 and a beta of 0.62. The company’s fifty day simple moving average is $45.11 and its 200 day simple moving average is $50.28. Invesco China Technology ETF has a 12-month low of $37.58 and a 12-month high of $58.92.
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).
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