Invesco China Technology ETF (NYSEARCA:CQQQ) Stock Short Interest Report for October

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 2,309,726 shares, an increase of 451.8% from the October 15th total of 418,580 shares. Based on an average trading volume of 1,035,443 shares, the short-interest ratio is currently 2.2 days. Approximately 5.0% of the company’s stock are sold short.

Invesco China Technology ETF Trading Down 2.2%

Shares of CQQQ traded down $0.88 on Friday, reaching $38.24. 548,138 shares of the company’s stock traded hands, compared to its average volume of 1,223,275. The stock has a market cap of $1.78 billion, a PE ratio of 15.68 and a beta of 0.64. The stock’s 50 day simple moving average is $43.25 and its two-hundred day simple moving average is $49.38. Invesco China Technology ETF has a 52-week low of $37.58 and a 52-week high of $58.92.

Hedge Funds Weigh In On Invesco China Technology ETF

A number of large investors have recently modified their holdings of CQQQ. Edmond DE Rothschild Holding S.A. bought a new stake in Invesco China Technology ETF during the 3rd quarter valued at about $55,000. Private Advisor Group LLC purchased a new position in Invesco China Technology ETF in the third quarter worth about $225,000. Banco Santander S.A. bought a new position in shares of Invesco China Technology ETF in the third quarter worth approximately $2,365,000. HighTower Advisors LLC bought a new position in shares of Invesco China Technology ETF in the third quarter worth approximately $5,222,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Invesco China Technology ETF in the third quarter worth approximately $46,651,000.

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).