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

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 66,500 shares, a decrease of 46.7% from the September 30th total of 124,800 shares. Based on an average daily volume of 134,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PGJ. Virtu Financial LLC acquired a new position in shares of Invesco Golden Dragon China ETF in the 2nd quarter worth approximately $775,000. MGB Wealth Management LLC acquired a new stake in Invesco Golden Dragon China ETF in the first quarter valued at approximately $74,000. Commonwealth Equity Services LLC lifted its stake in Invesco Golden Dragon China ETF by 8.1% in the second quarter. Commonwealth Equity Services LLC now owns 13,449 shares of the company’s stock valued at $299,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Invesco Golden Dragon China ETF in the third quarter worth $245,000.

Invesco Golden Dragon China ETF Stock Up 1.4 %

Shares of PGJ traded up $0.36 on Friday, hitting $26.78. 101,323 shares of the stock traded hands, compared to its average volume of 83,653. The firm has a market capitalization of $164.96 million, a P/E ratio of 14.59 and a beta of 0.58. Invesco Golden Dragon China ETF has a 1 year low of $19.97 and a 1 year high of $31.97. The stock’s 50 day moving average is $24.84 and its two-hundred day moving average is $24.40.

Invesco Golden Dragon China ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Monday, September 23rd.

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.