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

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

Invesco Golden Dragon China ETF Stock Down 0.0%

NASDAQ PGJ opened at $24.30 on Friday. Invesco Golden Dragon China ETF has a 52 week low of $23.87 and a 52 week high of $34.54. The stock has a market capitalization of $104.25 million, a PE ratio of 14.18 and a beta of 0.43. The firm has a 50 day moving average of $26.20 and a two-hundred day moving average of $27.91.

Invesco Golden Dragon China ETF Cuts Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Invesco Golden Dragon China ETF by 109.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 24,964 shares of the company’s stock valued at $708,000 after buying an additional 13,028 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Invesco Golden Dragon China ETF by 78.3% in the 4th quarter. LPL Financial LLC now owns 22,948 shares of the company’s stock valued at $661,000 after buying an additional 10,078 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Invesco Golden Dragon China ETF by 12.4% in the 1st quarter. Royal Bank of Canada now owns 21,689 shares of the company’s stock valued at $643,000 after buying an additional 2,401 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Invesco Golden Dragon China ETF in the 3rd quarter valued at $508,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Invesco Golden Dragon China ETF by 4.4% in the 1st quarter. Jones Financial Companies Lllp now owns 16,466 shares of the company’s stock valued at $488,000 after buying an additional 699 shares in the last quarter.

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.