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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CQQQ. Cetera Investment Advisers grew its position in shares of Invesco China Technology ETF by 98.3% in the 2nd quarter. Cetera Investment Advisers now owns 29,505 shares of the company’s stock worth $1,306,000 after buying an additional 14,626 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Invesco China Technology ETF by 138.0% in the third quarter. Bank Pictet & Cie Europe AG now owns 24,974 shares of the company’s stock valued at $1,474,000 after acquiring an additional 14,479 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Invesco China Technology ETF in the third quarter valued at approximately $2,477,000. Trek Financial LLC purchased a new position in Invesco China Technology ETF in the third quarter worth $18,848,000. Finally, Envestnet Asset Management Inc. grew its holdings in Invesco China Technology ETF by 114.3% in the second quarter. Envestnet Asset Management Inc. now owns 127,695 shares of the company’s stock worth $5,650,000 after purchasing an additional 68,106 shares during the last quarter.

Invesco China Technology ETF Stock Up 1.1%

Shares of CQQQ stock opened at $53.16 on Tuesday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 20.61 and a beta of 0.43. Invesco China Technology ETF has a 52-week low of $35.62 and a 52-week high of $61.20. The company’s 50 day moving average is $54.33 and its 200 day moving average is $53.99.

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).