Invesco Golden Dragon China ETF (NASDAQ:PGJ) Short Interest Update

Invesco Golden Dragon China ETF (NASDAQ:PGJ) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,400 shares, an increase of 18.9% from the August 15th total of 3,700 shares. Based on an average daily volume of 42,700 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Golden Dragon China ETF Stock Performance

Shares of PGJ stock traded up $0.56 during mid-day trading on Tuesday, hitting $22.30. 708 shares of the stock were exchanged, compared to its average volume of 54,903. Invesco Golden Dragon China ETF has a 12-month low of $19.97 and a 12-month high of $28.60. The stock’s fifty day simple moving average is $22.00 and its two-hundred day simple moving average is $23.98. The stock has a market capitalization of $129.34 million, a price-to-earnings ratio of 14.59 and a beta of 0.58.

Invesco Golden Dragon China ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a dividend of $1.013 per share. The ex-dividend date was Monday, June 24th. This represents a $4.05 dividend on an annualized basis and a dividend yield of 18.17%. This is a positive change from Invesco Golden Dragon China ETF’s previous quarterly dividend of $0.40.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in shares of Invesco Golden Dragon China ETF by 8.1% during the second quarter. Commonwealth Equity Services LLC now owns 13,449 shares of the company’s stock worth $299,000 after buying an additional 1,005 shares during the last quarter. MGB Wealth Management LLC purchased a new position in shares of Invesco Golden Dragon China ETF during the first quarter worth about $74,000. Finally, Virtu Financial LLC purchased a new position in shares of Invesco Golden Dragon China ETF during the second quarter worth about $775,000.

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.