Invesco China Technology ETF (NYSEARCA:CQQQ – Get Free Report) saw a large drop in short interest in the month of 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. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,027,129 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Investors Weigh In On Invesco China Technology ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in Invesco China Technology ETF by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 112,965 shares of the company’s stock worth $6,442,000 after purchasing an additional 1,216 shares in the last quarter. Wellington Altus USA Inc. purchased a new stake in shares of Invesco China Technology ETF in the second quarter worth about $246,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Invesco China Technology ETF in the second quarter worth about $5,423,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco China Technology ETF during the 2nd quarter valued at approximately $139,000. Finally, TD Waterhouse Canada Inc. lifted its position in Invesco China Technology ETF by 23.8% during the second quarter. TD Waterhouse Canada Inc. now owns 8,780 shares of the company’s stock valued at $500,000 after purchasing an additional 1,690 shares during the last quarter.
Invesco China Technology ETF Stock Performance
Shares of CQQQ traded down $0.24 during trading hours on Tuesday, hitting $45.16. The company had a trading volume of 411,716 shares, compared to its average volume of 1,183,286. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 20.61 and a beta of 0.63. The firm has a fifty day moving average price of $49.10 and a 200-day moving average price of $50.53. Invesco China Technology ETF has a 52-week low of $44.29 and a 52-week 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).
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