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 large 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 volume of 150,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco Golden Dragon China ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new position in Invesco Golden Dragon China ETF in the third quarter worth about $245,000. Commonwealth Equity Services LLC raised its stake in Invesco Golden Dragon China ETF by 8.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,449 shares of the company’s stock valued at $299,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Invesco Golden Dragon China ETF in the 2nd quarter worth $775,000.

Invesco Golden Dragon China ETF Stock Performance

Shares of Invesco Golden Dragon China ETF stock traded down $1.21 during trading on Tuesday, hitting $25.68. The company’s stock had a trading volume of 161,257 shares, compared to its average volume of 86,514. Invesco Golden Dragon China ETF has a 52 week low of $19.97 and a 52 week high of $31.97. The company has a fifty day simple moving average of $26.05 and a two-hundred day simple moving average of $24.62. The company has a market capitalization of $157.68 million, a PE ratio of 14.59 and a beta of 0.58.

Invesco Golden Dragon China ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.152 per share. This represents a $0.61 dividend on an annualized basis and a yield of 2.37%. 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.