Short Interest in Invesco China Technology ETF (NYSEARCA:CQQQ) Declines By 71.3%

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 932,567 shares, a decline of 71.3% from the July 30th total of 3,246,901 shares. Based on an average trading volume of 558,884 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco China Technology ETF

A number of institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. lifted its holdings in Invesco China Technology ETF by 23.8% in the second quarter. TD Waterhouse Canada Inc. now owns 8,780 shares of the company’s stock worth $500,000 after acquiring an additional 1,690 shares during the last quarter. WIT Partners Advisory Pte. Ltd. bought a new position in shares of Invesco China Technology ETF during the second quarter valued at approximately $1,546,000. Triumph Capital Management raised its position in shares of Invesco China Technology ETF by 66.8% during the 2nd quarter. Triumph Capital Management now owns 3,734 shares of the company’s stock worth $213,000 after purchasing an additional 1,496 shares during the period. Finley Financial LLC lifted its holdings in shares of Invesco China Technology ETF by 54.6% in the 2nd quarter. Finley Financial LLC now owns 2,010 shares of the company’s stock worth $115,000 after purchasing an additional 710 shares during the last quarter. Finally, Bank of America Corp DE lifted 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 worth $9,572,000 after purchasing an additional 131,260 shares during the last quarter.

Invesco China Technology ETF Price Performance

CQQQ traded down $0.08 during trading hours on Friday, hitting $48.94. 740,283 shares of the stock were exchanged, compared to its average volume of 1,227,884. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 20.61 and a beta of 0.63. The stock has a 50-day simple moving average of $52.21 and a 200-day simple moving average of $51.29. Invesco China Technology ETF has a 12 month low of $44.29 and a 12 month 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).