Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Unusually-High Trading Volume – What’s Next?

Invesco China Technology ETF (NYSEARCA:CQQQ) shares saw an uptick in trading volume on Monday . Approximately 187,185 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 146,493 shares.The stock last traded at $40.40 and had previously closed at $40.59.

Invesco China Technology ETF Stock Up 1.2 %

The stock has a 50 day simple moving average of $39.84 and a 200 day simple moving average of $37.65. The company has a market cap of $777.14 million, a price-to-earnings ratio of 19.03 and a beta of 1.22.

Institutional Trading of Invesco China Technology ETF

A number of hedge funds have recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in shares of Invesco China Technology ETF in the fourth quarter worth about $59,000. Ground Swell Capital LLC purchased a new stake in Invesco China Technology ETF during the 3rd quarter worth approximately $221,000. Pictet North America Advisors SA acquired a new position in shares of Invesco China Technology ETF in the 3rd quarter valued at approximately $225,000. Hsbc Holdings PLC purchased a new position in shares of Invesco China Technology ETF during the 2nd quarter valued at approximately $335,000. Finally, DRW Securities LLC acquired a new stake in shares of Invesco China Technology ETF during the third quarter worth approximately $343,000.

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).