Invesco Golden Dragon China ETF (NASDAQ:PGJ – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 7,100 shares, a decline of 49.3% from the June 15th total of 14,000 shares. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On Invesco Golden Dragon China ETF
Several institutional investors and hedge funds have recently modified their holdings of PGJ. Citigroup Inc. boosted its holdings in Invesco Golden Dragon China ETF by 515.4% in the third quarter. Citigroup Inc. now owns 9,299 shares of the company’s stock valued at $252,000 after acquiring an additional 7,788 shares during the last quarter. Sterneck Capital Management LLC lifted its stake in shares of Invesco Golden Dragon China ETF by 6.3% in the 4th quarter. Sterneck Capital Management LLC now owns 72,477 shares of the company’s stock valued at $1,887,000 after purchasing an additional 4,322 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Invesco Golden Dragon China ETF by 1,068.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,072 shares of the company’s stock valued at $80,000 after purchasing an additional 2,809 shares in the last quarter. Finally, MGB Wealth Management LLC purchased a new stake in shares of Invesco Golden Dragon China ETF during the 1st quarter worth about $74,000.
Invesco Golden Dragon China ETF Stock Performance
Invesco Golden Dragon China ETF stock traded up $0.18 during trading hours on Friday, reaching $23.88. 45,712 shares of the stock were exchanged, compared to its average volume of 60,488. Invesco Golden Dragon China ETF has a 52-week low of $21.31 and a 52-week high of $32.07. The firm’s 50 day moving average is $25.03 and its 200 day moving average is $24.63. The stock has a market cap of $138.50 million, a P/E ratio of 14.59 and a beta of 0.58.
Invesco Golden Dragon China ETF Increases Dividend
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.
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