Short Interest in Invesco Golden Dragon China ETF (NASDAQ:PGJ) Declines By 63.0%

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 14,000 shares, a decrease of 63.0% from the May 31st total of 37,800 shares. Based on an average daily trading volume, of 51,700 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invesco Golden Dragon China ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its stake in shares of Invesco Golden Dragon China ETF by 2.0% during the 3rd quarter. Stifel Financial Corp now owns 80,343 shares of the company’s stock worth $2,174,000 after buying an additional 1,548 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Invesco Golden Dragon China ETF by 1,068.1% during the fourth 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. MGB Wealth Management LLC acquired a new stake in shares of Invesco Golden Dragon China ETF in the first quarter valued at about $74,000. Sterneck Capital Management LLC increased its stake in shares of Invesco Golden Dragon China ETF by 6.3% during the fourth quarter. Sterneck Capital Management LLC now owns 72,477 shares of the company’s stock worth $1,887,000 after purchasing an additional 4,322 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Invesco Golden Dragon China ETF by 515.4% during the 3rd quarter. Citigroup Inc. now owns 9,299 shares of the company’s stock worth $252,000 after purchasing an additional 7,788 shares during the last quarter.

Invesco Golden Dragon China ETF Price Performance

NASDAQ:PGJ traded down $0.50 during trading hours on Thursday, reaching $22.52. The company had a trading volume of 92,234 shares, compared to its average volume of 61,863. The firm has a market cap of $133.32 million, a PE ratio of 14.59 and a beta of 0.58. The business’s 50 day moving average price is $25.52 and its 200-day moving average price is $24.81. Invesco Golden Dragon China ETF has a 1-year low of $21.31 and a 1-year high of $32.07.

Invesco Golden Dragon China ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 24th will be issued a dividend of $1.013 per share. The ex-dividend date is Monday, June 24th. This is an increase from Invesco Golden Dragon China ETF’s previous quarterly dividend of $0.40. This represents a $4.05 dividend on an annualized basis and a yield of 17.99%.

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.