Invesco Golden Dragon China ETF (NASDAQ:PGJ) Short Interest Down 58.1% in March

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 18,700 shares, a drop of 58.1% from the February 29th total of 44,600 shares. Based on an average daily volume of 72,900 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Golden Dragon China ETF Stock Up 0.3 %

PGJ stock traded up $0.07 during midday trading on Thursday, hitting $24.58. The company’s stock had a trading volume of 36,182 shares, compared to its average volume of 71,692. The firm has a 50-day simple moving average of $24.14 and a 200-day simple moving average of $25.24. The firm has a market capitalization of $138.88 million, a P/E ratio of 43.14 and a beta of 0.58. Invesco Golden Dragon China ETF has a 52-week low of $21.31 and a 52-week high of $32.07.

Institutional Trading of Invesco Golden Dragon China ETF

Several hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its stake in Invesco Golden Dragon China ETF by 2.0% in the third quarter. Stifel Financial Corp now owns 80,343 shares of the company’s stock worth $2,174,000 after acquiring an additional 1,548 shares during the last quarter. Sterneck Capital Management LLC lifted its position in shares of Invesco Golden Dragon China ETF by 6.3% during the 4th quarter. Sterneck Capital Management LLC now owns 72,477 shares of the company’s stock worth $1,887,000 after purchasing an additional 4,322 shares during the last quarter. Citigroup Inc. lifted its position in shares of Invesco Golden Dragon China ETF by 515.4% during the 3rd quarter. Citigroup Inc. now owns 9,299 shares of the company’s stock worth $252,000 after purchasing an additional 7,788 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Invesco Golden Dragon China ETF by 268.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,427 shares of the company’s stock worth $120,000 after purchasing an additional 3,227 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Invesco Golden Dragon China ETF in the second quarter valued at $246,000.

About Invesco Golden Dragon China ETF

The Invesco Golden Dragon China ETF (PGJ) is an exchange-traded fund that is based on the NASDAQ Golden Dragon China index, a market-cap-weighted index of Chinese stocks. PGJ was launched on Dec 9, 2004 and is managed by Invesco.