Invesco Golden Dragon China ETF (NASDAQ:PGJ) Short Interest Down 58.0% in March

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 66,000 shares, a drop of 58.0% from the March 15th total of 157,300 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 81,400 shares, the days-to-cover ratio is presently 0.8 days.

Invesco Golden Dragon China ETF Stock Performance

Shares of Invesco Golden Dragon China ETF stock remained flat at $25.33 during trading hours on Thursday. The stock had a trading volume of 32,883 shares, compared to its average volume of 76,952. The company has a market capitalization of $134.00 million, a price-to-earnings ratio of 14.92 and a beta of 0.58. Invesco Golden Dragon China ETF has a 1-year low of $19.97 and a 1-year high of $32.86. The firm has a 50-day moving average of $29.19 and a two-hundred day moving average of $27.66.

Invesco Golden Dragon China ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.0718 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco Golden Dragon China ETF’s previous dividend of $0.07.

Institutional Trading of Invesco Golden Dragon China ETF

A number of institutional investors have recently bought and sold shares of PGJ. Sava Infond d.o.o. acquired a new stake in Invesco Golden Dragon China ETF during the fourth quarter worth approximately $34,000. JPMorgan Chase & Co. grew its position in shares of Invesco Golden Dragon China ETF by 2,678.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,556 shares of the company’s stock valued at $41,000 after buying an additional 1,500 shares during the last quarter. 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 worth $186,000 after acquiring an additional 1,744 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco Golden Dragon China ETF by 62.7% in the 4th quarter. Bank of America Corp DE now owns 8,521 shares of the company’s stock valued at $223,000 after purchasing an additional 3,285 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Invesco Golden Dragon China ETF in the 4th quarter valued at about $350,000.

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.