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

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 4,400 shares, a growth of 18.9% from the August 15th total of 3,700 shares. Based on an average daily trading volume, of 42,700 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Golden Dragon China ETF Trading Up 2.6 %

Shares of NASDAQ:PGJ traded up $0.56 during trading on Tuesday, reaching $22.30. The company’s stock had a trading volume of 708 shares, compared to its average volume of 54,903. The firm’s 50 day simple moving average is $22.00 and its two-hundred day simple moving average is $23.98. Invesco Golden Dragon China ETF has a 12 month low of $19.97 and a 12 month high of $28.60. The stock has a market capitalization of $129.34 million, a PE ratio of 14.59 and a beta of 0.58.

Invesco Golden Dragon China ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $1.013 dividend. This is a boost from Invesco Golden Dragon China ETF’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, June 24th. This represents a $4.05 dividend on an annualized basis and a dividend yield of 18.17%.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

Several large investors have recently modified their holdings of PGJ. MGB Wealth Management LLC purchased a new position in Invesco Golden Dragon China ETF during the first quarter worth $74,000. Commonwealth Equity Services LLC grew 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 valued at $299,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Invesco Golden Dragon China ETF during the 2nd quarter valued at about $775,000.

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.