Invesco China Technology ETF (NYSEARCA:CQQQ) Short Interest Up 46.2% in January

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 4,015,936 shares, a growth of 46.2% from the January 15th total of 2,746,219 shares. Currently, 7.1% of the company’s stock are sold short. Based on an average trading volume of 1,176,980 shares, the days-to-cover ratio is currently 3.4 days. Based on an average trading volume of 1,176,980 shares, the days-to-cover ratio is currently 3.4 days. Currently, 7.1% of the company’s stock are sold short.

Institutional Trading of Invesco China Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings 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 worth $9,193,000 after purchasing an additional 197,312 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Invesco China Technology ETF by 3.0% in the first 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 during the last quarter. Focus Partners Wealth bought a new stake in Invesco China Technology ETF during the first quarter valued at approximately $597,000. Sage Mountain Advisors LLC increased its position in Invesco China Technology ETF by 331.6% in the second quarter. Sage Mountain Advisors LLC now owns 1,187 shares of the company’s stock worth $53,000 after buying an additional 912 shares in the last quarter. Finally, Optimum Investment Advisors raised its position in shares of Invesco China Technology ETF by 40.3% during the 2nd quarter. Optimum Investment Advisors now owns 2,525 shares of the company’s stock valued at $112,000 after purchasing an additional 725 shares during the period.

Invesco China Technology ETF Price Performance

Shares of CQQQ stock opened at $53.16 on Friday. The stock has a fifty day moving average price of $54.33 and a 200 day moving average price of $53.90. Invesco China Technology ETF has a one year low of $35.62 and a one year high of $61.20. The stock has a market cap of $3.00 billion, a P/E ratio of 20.61 and a beta of 0.43.

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).