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

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 22,514 shares, a decrease of 57.3% from the May 14th total of 52,754 shares. Based on an average daily trading volume, of 39,547 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s stock are short sold.

Invesco Golden Dragon China ETF Stock Down 0.0%

Shares of PGJ opened at $24.30 on Friday. Invesco Golden Dragon China ETF has a fifty-two week low of $23.87 and a fifty-two week high of $34.54. The firm’s 50 day moving average price is $26.20 and its 200 day moving average price is $27.91. The company has a market cap of $104.25 million, a P/E ratio of 14.18 and a beta of 0.43.

Invesco Golden Dragon China ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MGB Wealth Management LLC acquired a new position in Invesco Golden Dragon China ETF during the 3rd quarter worth approximately $42,000. Sava Infond d.o.o. grew its holdings in Invesco Golden Dragon China ETF by 33.3% during the 3rd quarter. Sava Infond d.o.o. now owns 2,000 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares in the last quarter. Bank of America Corp DE grew its holdings in Invesco Golden Dragon China ETF by 95.5% during the 2nd quarter. Bank of America Corp DE now owns 8,727 shares of the company’s stock worth $248,000 after acquiring an additional 4,263 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Invesco Golden Dragon China ETF by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,197 shares of the company’s stock worth $409,000 after acquiring an additional 2,451 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Invesco Golden Dragon China ETF during the 3rd quarter worth approximately $508,000.

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.