Invesco Golden Dragon China ETF (NASDAQ:PGJ) Short Interest Update

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 124,800 shares, a growth of 2,613.0% from the September 15th total of 4,600 shares. Based on an average trading volume of 115,800 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Invesco Golden Dragon China ETF in the 2nd quarter worth about $775,000. Commonwealth Equity Services LLC increased its position in shares of Invesco Golden Dragon China ETF by 8.1% during 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 in the last quarter. Finally, MGB Wealth Management LLC purchased a new position in Invesco Golden Dragon China ETF in the 1st quarter worth approximately $74,000.

Invesco Golden Dragon China ETF Stock Performance

Invesco Golden Dragon China ETF stock traded up $0.27 during mid-day trading on Friday, reaching $29.18. The company’s stock had a trading volume of 159,996 shares, compared to its average volume of 79,889. Invesco Golden Dragon China ETF has a 12-month low of $19.97 and a 12-month high of $31.97. The firm’s fifty day moving average price is $23.76 and its two-hundred day moving average price is $24.25. The company has a market capitalization of $176.25 million, a P/E 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 given a dividend of $0.152 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.61 annualized dividend and a yield of 2.08%.

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.