Invesco Golden Dragon China ETF (NASDAQ:PGJ) Short Interest Down 57.3% in May

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the recipient of a large decrease in short interest during 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. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 39,547 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PGJ. MGB Wealth Management LLC bought a new position in shares of Invesco Golden Dragon China ETF in the third quarter worth $42,000. Sava Infond d.o.o. grew its stake in shares of Invesco Golden Dragon China ETF by 33.3% in the third quarter. Sava Infond d.o.o. now owns 2,000 shares of the company’s stock worth $66,000 after purchasing an additional 500 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Invesco Golden Dragon China ETF by 95.5% in the second quarter. Bank of America Corp DE now owns 8,727 shares of the company’s stock worth $248,000 after purchasing an additional 4,263 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Invesco Golden Dragon China ETF by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 14,197 shares of the company’s stock worth $409,000 after purchasing an additional 2,451 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Invesco Golden Dragon China ETF by 22.0% in the first quarter. Jane Street Group LLC now owns 16,318 shares of the company’s stock worth $483,000 after purchasing an additional 2,947 shares in the last quarter.

Invesco Golden Dragon China ETF Trading Up 0.7%

PGJ traded up $0.16 during trading on Friday, reaching $24.46. 15,159 shares of the company were exchanged, compared to its average volume of 24,536. The stock has a market cap of $104.93 million, a P/E ratio of 14.18 and a beta of 0.43. The firm has a 50 day moving average of $26.17 and a 200 day moving average of $27.88. Invesco Golden Dragon China ETF has a 52 week low of $23.87 and a 52 week high of $34.54.

Invesco Golden Dragon China ETF Cuts Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, March 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.