Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Shorted: Short Interest Down 54.7% in October

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 418,580 shares, a drop of 54.7% from the September 30th total of 923,350 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 1,535,494 shares, the short-interest ratio is presently 0.3 days.

Invesco China Technology ETF Price Performance

CQQQ stock traded down $0.96 during midday trading on Friday, hitting $37.78. The company’s stock had a trading volume of 1,318,277 shares, compared to its average volume of 1,195,214. The company’s fifty day moving average price is $44.88 and its 200 day moving average price is $50.17. Invesco China Technology ETF has a twelve month low of $37.58 and a twelve month high of $58.92. The stock has a market capitalization of $1.82 billion, a P/E ratio of 20.61 and a beta of 0.62.

Institutional Trading of Invesco China Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CQQQ. Manchester Capital Management LLC acquired a new position in shares of Invesco China Technology ETF during the 3rd quarter worth approximately $29,000. Finley Financial LLC raised its stake in shares of Invesco China Technology ETF by 54.6% during 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 in the last quarter. Group One Trading LLC boosted its holdings in shares of Invesco China Technology ETF by 1,001.0% in the 1st quarter. Group One Trading LLC now owns 2,158 shares of the company’s stock valued at $99,000 after buying an additional 1,962 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco China Technology ETF in the 2nd quarter valued at approximately $139,000. Finally, Triumph Capital Management boosted its holdings in shares of Invesco China Technology ETF by 66.8% in the 2nd quarter. Triumph Capital Management now owns 3,734 shares of the company’s stock valued at $213,000 after buying an additional 1,496 shares during the last quarter.

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).