Invesco Golden Dragon China ETF (NASDAQ:PGJ) Sees Large Decrease in Short Interest

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 17,900 shares, a decrease of 73.1% from the October 15th total of 66,500 shares. Based on an average daily trading volume, of 150,200 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Golden Dragon China ETF Price Performance

PGJ stock traded down $0.27 during midday trading on Wednesday, reaching $25.41. The company had a trading volume of 97,413 shares, compared to its average volume of 86,563. Invesco Golden Dragon China ETF has a 1-year low of $19.97 and a 1-year high of $31.97. The stock has a 50 day moving average price of $26.13 and a 200-day moving average price of $24.63. The company has a market capitalization of $156.02 million, a price-to-earnings ratio of 14.59 and a beta of 0.58.

Invesco Golden Dragon China ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Monday, September 23rd.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Invesco Golden Dragon China ETF in the 2nd quarter worth about $775,000. Wealth Enhancement Advisory Services LLC bought a new position in Invesco Golden Dragon China ETF during the 3rd quarter worth $245,000. Commonwealth Equity Services LLC lifted its holdings in Invesco Golden Dragon China ETF by 8.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,449 shares of the company’s stock worth $299,000 after buying an additional 1,005 shares during the period. BNP Paribas Financial Markets grew its position in shares of Invesco Golden Dragon China ETF by 35.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,596 shares of the company’s stock valued at $186,000 after buying an additional 1,744 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Invesco Golden Dragon China ETF by 419.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 29,033 shares of the company’s stock valued at $817,000 after buying an additional 23,445 shares during the period.

Invesco Golden Dragon China ETF Company Profile

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.