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

Invesco Golden Dragon China ETF (NASDAQ:PGJ) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 66,000 shares, a decline of 58.0% from the March 15th total of 157,300 shares. Based on an average daily trading volume, of 81,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Golden Dragon China ETF

Several hedge funds have recently made changes to their positions in PGJ. BNP Paribas Financial Markets raised its stake in Invesco Golden Dragon China ETF by 35.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,596 shares of the company’s stock valued at $186,000 after acquiring an additional 1,744 shares during the last quarter. MML Investors Services LLC grew its position in Invesco Golden Dragon China ETF by 38.8% in the 3rd quarter. MML Investors Services LLC now owns 24,521 shares of the company’s stock valued at $691,000 after buying an additional 6,850 shares during the last quarter. Avestar Capital LLC acquired a new position in Invesco Golden Dragon China ETF in the 4th quarter valued at $620,000. Jones Financial Companies Lllp raised its position in Invesco Golden Dragon China ETF by 41,392.1% during the 4th quarter. Jones Financial Companies Lllp now owns 15,767 shares of the company’s stock worth $412,000 after buying an additional 15,729 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Invesco Golden Dragon China ETF in the 4th quarter worth $1,101,000.

Invesco Golden Dragon China ETF Price Performance

Shares of PGJ traded down $0.10 during mid-day trading on Friday, reaching $25.23. 39,680 shares of the company’s stock were exchanged, compared to its average volume of 77,045. The business’s fifty day simple moving average is $29.11 and its 200-day simple moving average is $27.64. The stock has a market capitalization of $132.21 million, a PE ratio of 14.92 and a beta of 0.58. Invesco Golden Dragon China ETF has a 52-week low of $19.97 and a 52-week high of $32.86.

Invesco Golden Dragon China ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.0718 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco Golden Dragon China ETF’s previous dividend of $0.07.

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.