Short Interest in Invesco China Technology ETF (NYSEARCA:CQQQ) Decreases By 23.2%

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 3,082,804 shares, a decrease of 23.2% from the January 29th total of 4,015,936 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average trading volume of 1,673,925 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 1,673,925 shares, the days-to-cover ratio is currently 1.8 days. Currently, 5.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Invesco China Technology ETF by 1,936.5% in the first quarter. Royal Bank of Canada now owns 207,501 shares of the company’s stock valued at $9,193,000 after acquiring an additional 197,312 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco China Technology ETF by 3.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 193,643 shares of the company’s stock worth $8,580,000 after purchasing an additional 5,640 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Invesco China Technology ETF in the 1st quarter worth $597,000. Envestnet Asset Management Inc. grew its position in Invesco China Technology ETF by 114.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 127,695 shares of the company’s stock valued at $5,650,000 after purchasing an additional 68,106 shares during the period. Finally, Bank of Montreal Can increased its stake in Invesco China Technology ETF by 115.3% during the 2nd quarter. Bank of Montreal Can now owns 38,192 shares of the company’s stock valued at $1,690,000 after purchasing an additional 20,452 shares in the last quarter.

Invesco China Technology ETF Stock Down 4.9%

NYSEARCA:CQQQ traded down $2.48 during trading hours on Tuesday, reaching $48.59. The company had a trading volume of 2,732,962 shares, compared to its average volume of 1,393,011. Invesco China Technology ETF has a twelve month low of $35.62 and a twelve month high of $61.20. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 20.61 and a beta of 0.43. The business’s 50-day simple moving average is $54.42 and its two-hundred day simple moving average is $54.37.

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).