Invesco Golden Dragon China ETF (NASDAQ:PGJ) Sees Large Increase in Short Interest

Invesco Golden Dragon China ETF (NASDAQ:PGJ) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 29,800 shares, an increase of 34.2% from the January 15th total of 22,200 shares. Based on an average trading volume of 74,000 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Golden Dragon China ETF Price Performance

Invesco Golden Dragon China ETF stock traded up $0.68 during mid-day trading on Friday, reaching $30.41. 98,979 shares of the stock traded hands, compared to its average volume of 66,329. The stock has a market capitalization of $161.48 million, a PE ratio of 14.59 and a beta of 0.58. Invesco Golden Dragon China ETF has a 12-month low of $19.97 and a 12-month high of $31.97. The business’s 50-day moving average is $26.84 and its 200-day moving average is $25.57.

Invesco Golden Dragon China ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.0651 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco Golden Dragon China ETF

Several hedge funds have recently bought and sold shares of PGJ. Wealth Enhancement Advisory Services LLC bought a new stake in Invesco Golden Dragon China ETF during the third quarter valued at about $245,000. Harvest Fund Management Co. Ltd grew its holdings in Invesco Golden Dragon China ETF by 419.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 29,033 shares of the company’s stock valued at $817,000 after purchasing an additional 23,445 shares during the period. BNP Paribas Financial Markets grew its holdings in Invesco Golden Dragon China ETF by 35.9% during the third quarter. BNP Paribas Financial Markets now owns 6,596 shares of the company’s stock valued at $186,000 after purchasing an additional 1,744 shares during the period. MML Investors Services LLC grew its holdings in Invesco Golden Dragon China ETF by 38.8% during the third quarter. MML Investors Services LLC now owns 24,521 shares of the company’s stock valued at $691,000 after purchasing an additional 6,850 shares during the period. Finally, Avestar Capital LLC bought a new stake in Invesco Golden Dragon China ETF during the fourth quarter valued at about $620,000.

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.