Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Large Growth in Short Interest

Invesco China Technology ETF (NYSEARCA:CQQQ) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,746,219 shares, a growth of 1,926.9% from the December 31st total of 135,486 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average trading volume of 1,752,532 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 1,752,532 shares, the days-to-cover ratio is currently 1.6 days. Currently, 5.0% of the shares of the company are sold short.

Institutional Trading of Invesco China Technology ETF

A number of large investors have recently added to or reduced their stakes in CQQQ. Uhlmann Price Securities LLC boosted its stake in Invesco China Technology ETF by 1.5% in the fourth quarter. Uhlmann Price Securities LLC now owns 13,477 shares of the company’s stock valued at $701,000 after acquiring an additional 203 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invesco China Technology ETF by 1.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,783 shares of the company’s stock worth $1,229,000 after purchasing an additional 424 shares during the period. J. Safra Sarasin Holding AG lifted its stake in Invesco China Technology ETF by 2.3% in the fourth quarter. J. Safra Sarasin Holding AG now owns 18,760 shares of the company’s stock valued at $976,000 after purchasing an additional 430 shares during the last quarter. CWM LLC purchased a new position in Invesco China Technology ETF in the third quarter valued at approximately $34,000. Finally, Optimum Investment Advisors increased its position in Invesco China Technology ETF by 40.3% in the second quarter. Optimum Investment Advisors now owns 2,525 shares of the company’s stock worth $112,000 after buying an additional 725 shares during the last quarter.

Invesco China Technology ETF Trading Up 0.1%

CQQQ stock opened at $57.81 on Thursday. The stock has a market cap of $3.19 billion, a P/E ratio of 20.61 and a beta of 0.43. The stock’s fifty day simple moving average is $53.86 and its two-hundred day simple moving average is $53.26. Invesco China Technology ETF has a 1-year low of $35.62 and a 1-year high of $61.20.

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).