Short Interest in Invesco Golden Dragon China ETF (NASDAQ:PGJ) Decreases By 57.3%

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 22,514 shares, a drop of 57.3% from the May 14th total of 52,754 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 39,547 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Golden Dragon China ETF Price Performance

NASDAQ:PGJ traded up $0.16 during trading hours on Friday, hitting $24.46. The company’s stock had a trading volume of 15,159 shares, compared to its average volume of 24,536. The stock has a fifty day simple moving average of $26.17 and a 200-day simple moving average of $27.88. The company has a market capitalization of $104.93 million, a P/E ratio of 14.18 and a beta of 0.43. Invesco Golden Dragon China ETF has a twelve month low of $23.87 and a twelve month high of $34.54.

Invesco Golden Dragon China ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.0107 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.04 annualized dividend and a yield of 0.2%.

Institutional Trading of Invesco Golden Dragon China ETF

Several large investors have recently bought and sold shares of PGJ. IHT Wealth Management LLC raised its position in Invesco Golden Dragon China ETF by 10.3% in the fourth quarter. IHT Wealth Management LLC now owns 61,840 shares of the company’s stock valued at $1,782,000 after purchasing an additional 5,782 shares during the last quarter. Virtu Financial LLC raised its position in Invesco Golden Dragon China ETF by 104.1% in the fourth quarter. Virtu Financial LLC now owns 51,050 shares of the company’s stock valued at $1,471,000 after purchasing an additional 26,038 shares during the last quarter. Avestar Capital LLC raised its position in Invesco Golden Dragon China ETF by 54.6% in the third quarter. Avestar Capital LLC now owns 36,671 shares of the company’s stock valued at $1,217,000 after purchasing an additional 12,957 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in Invesco Golden Dragon China ETF by 6.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 30,363 shares of the company’s stock valued at $875,000 after purchasing an additional 1,947 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Invesco Golden Dragon China ETF by 50.0% in the third quarter. BNP Paribas Financial Markets now owns 30,000 shares of the company’s stock valued at $996,000 after purchasing an additional 10,000 shares during the last quarter.

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.