Short Interest in Invesco Golden Dragon China ETF (NASDAQ:PGJ) Declines By 37.7%

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 14,400 shares, a decline of 37.7% from the November 30th total of 23,100 shares. Based on an average daily trading volume, of 169,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

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 purchasing an additional 1,744 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Invesco Golden Dragon China ETF during the third quarter valued at approximately $245,000. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco Golden Dragon China ETF by 8.1% in 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 in the last quarter. MML Investors Services LLC lifted its holdings in shares of Invesco Golden Dragon China ETF by 38.8% in the third quarter. MML Investors Services LLC now owns 24,521 shares of the company’s stock worth $691,000 after buying an additional 6,850 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of 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 worth $817,000 after acquiring an additional 23,445 shares during the last quarter.

Invesco Golden Dragon China ETF Price Performance

Shares of PGJ opened at $26.96 on Friday. The company has a 50-day simple moving average of $26.54 and a two-hundred day simple moving average of $24.63. The firm has a market capitalization of $165.53 million, a PE ratio of 14.59 and a beta of 0.58. Invesco Golden Dragon China ETF has a one year low of $19.97 and a one year high of $31.97.

Invesco Golden Dragon China ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be issued a $0.0651 dividend. The ex-dividend date is Monday, December 23rd.

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.