Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Shorted: Short Interest Down 62.4% in September

Invesco China Technology ETF (NYSEARCA:CQQQ) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 212,522 shares, a decrease of 62.4% from the August 31st total of 565,350 shares. Based on an average trading volume of 1,027,129 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco China Technology ETF

A number of hedge funds have recently made changes to their positions in CQQQ. PNC Financial Services Group Inc. grew its stake in 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 buying an additional 1,911,051 shares during the last quarter. Jessup Wealth Management Inc acquired a new position in shares of Invesco China Technology ETF in the 4th quarter worth approximately $7,004,000. Bank of America Corp DE boosted 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 acquiring an additional 131,260 shares in the last quarter. Evelyn Partners Asset Management Ltd acquired a new position in shares of Invesco China Technology ETF in the 1st quarter worth approximately $4,866,000. Finally, Rockefeller Capital Management L.P. grew its position in Invesco China Technology ETF by 38,898.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 100,227 shares of the company’s stock worth $5,212,000 after acquiring an additional 99,970 shares during the last quarter.

Invesco China Technology ETF Stock Down 0.3%

Invesco China Technology ETF stock traded down $0.14 during mid-day trading on Friday, hitting $46.44. 665,181 shares of the company were exchanged, compared to its average volume of 1,188,454. The company has a market capitalization of $2.66 billion, a PE ratio of 20.61 and a beta of 0.63. The business has a fifty day moving average of $49.20 and a 200 day moving average of $50.57. Invesco China Technology ETF has a 1-year low of $44.29 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).