The Invesco China Technology ETF (CQQQ) experienced a notable inflow of approximately $246.9 million, equating to an 8.4% week-over-week increase in outstanding units, rising from 54,950,000 to 59,550,000. This influx occurred amid a trading environment where key components such as Tencent Music Entertainment Group (TME) and JOYY Inc (JOYY) saw declines of around 2.5% and 2.2%, respectively.
CQQQ’s 52-week trading range spans a low of $40.39 and a high of $61.20, with the last recorded share price at $51.94. This data indicates a continued interest in the ETF despite the challenges faced by its underlying assets.
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