Short Interest in Invesco China Technology ETF (NYSEARCA:CQQQ) Drops By 71.3%

Invesco China Technology ETF (NYSEARCA:CQQQ) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 932,567 shares, a decline of 71.3% from the July 30th total of 3,246,901 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 558,884 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CQQQ. JPMorgan Chase & Co. boosted its position in Invesco China Technology ETF by 1.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,783 shares of the company’s stock valued at $1,229,000 after buying an additional 424 shares during the period. Heritage Wealth Advisors purchased a new position in shares of Invesco China Technology ETF in the fourth quarter valued at about $30,000. Manchester Capital Management LLC purchased a new position in shares of Invesco China Technology ETF in the fourth quarter valued at about $34,000. Finley Financial LLC raised its stake in shares of Invesco China Technology ETF by 54.6% during the second quarter. Finley Financial LLC now owns 2,010 shares of the company’s stock valued at $115,000 after acquiring an additional 710 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Invesco China Technology ETF during the fourth quarter valued at about $52,000.

Invesco China Technology ETF Trading Down 0.2%

CQQQ stock traded down $0.08 during midday trading on Friday, hitting $48.94. The company had a trading volume of 740,294 shares, compared to its average volume of 1,227,884. Invesco China Technology ETF has a 52 week low of $44.29 and a 52 week high of $61.20. The stock’s 50 day moving average price is $52.09 and its 200 day moving average price is $51.28. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 20.61 and a beta of 0.63.

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).