Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) saw unusually-high trading volume on Tuesday . Approximately 420,229 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 401,300 shares.The stock last traded at $46.91 and had previously closed at $47.32.

Invesco China Technology ETF Price Performance

The company has a market cap of $910.17 million, a P/E ratio of 19.03 and a beta of 1.22. The firm’s 50-day moving average is $40.90 and its two-hundred day moving average is $38.86.

Institutional Trading of Invesco China Technology ETF

Several hedge funds have recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in Invesco China Technology ETF by 19.0% in the 3rd quarter. Private Advisor Group LLC now owns 11,273 shares of the company’s stock valued at $465,000 after purchasing an additional 1,802 shares in the last quarter. DRW Securities LLC acquired a new position in Invesco China Technology ETF during the 3rd quarter worth $343,000. Pictet North America Advisors SA acquired a new position in Invesco China Technology ETF during the 3rd quarter worth $225,000. Sycomore Asset Management boosted its position in shares of Invesco China Technology ETF by 320.7% during the 4th quarter. Sycomore Asset Management now owns 6,100 shares of the company’s stock worth $233,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Invesco China Technology ETF in the 4th quarter valued at about $59,000.

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).