Invesco Golden Dragon China ETF (NASDAQ:PGJ) Short Interest Down 63.0% in June

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 14,000 shares, a decline of 63.0% from the May 31st total of 37,800 shares. Based on an average daily volume of 51,700 shares, the short-interest ratio is currently 0.3 days.

Invesco Golden Dragon China ETF Price Performance

PGJ traded down $0.50 during trading on Thursday, reaching $22.52. The company had a trading volume of 92,234 shares, compared to its average volume of 61,863. The company has a market cap of $133.32 million, a P/E ratio of 14.59 and a beta of 0.58. Invesco Golden Dragon China ETF has a 12 month low of $21.31 and a 12 month high of $32.07. The business’s fifty day moving average price is $25.52 and its 200 day moving average price is $24.81.

Invesco Golden Dragon China ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 24th will be given a $1.013 dividend. This is a boost from Invesco Golden Dragon China ETF’s previous quarterly dividend of $0.40. This represents a $4.05 annualized dividend and a yield of 17.99%. The ex-dividend date of this dividend is Monday, June 24th.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

A number of large investors have recently added to or reduced their stakes in PGJ. MGB Wealth Management LLC acquired a new stake in shares of Invesco Golden Dragon China ETF in the first quarter valued at approximately $74,000. Tower Research Capital LLC TRC increased its stake in Invesco Golden Dragon China ETF by 1,068.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,072 shares of the company’s stock valued at $80,000 after buying an additional 2,809 shares during the last quarter. Citigroup Inc. lifted its position in 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 buying an additional 7,788 shares in the last quarter. Sterneck Capital Management LLC boosted its stake 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 buying an additional 4,322 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Invesco Golden Dragon China ETF by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 80,343 shares of the company’s stock valued at $2,174,000 after acquiring an additional 1,548 shares in the last quarter.

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.