Invesco Golden Dragon China ETF (NASDAQ:PGJ) Short Interest Down 58.1% 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 15th, there was short interest totalling 18,700 shares, a drop of 58.1% from the February 29th total of 44,600 shares. Based on an average daily volume of 72,900 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in shares of Invesco Golden Dragon China ETF by 71.3% in the 2nd quarter. Citigroup Inc. now owns 1,511 shares of the company’s stock valued at $40,000 after acquiring an additional 629 shares during the period. Salem Investment Counselors Inc. purchased a new position in Invesco Golden Dragon China ETF in the fourth quarter valued at about $44,000. Tower Research Capital LLC TRC raised its holdings in Invesco Golden Dragon China ETF by 1,068.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,072 shares of the company’s stock worth $80,000 after purchasing an additional 2,809 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Invesco Golden Dragon China ETF by 268.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,427 shares of the company’s stock valued at $120,000 after buying an additional 3,227 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC purchased a new stake in shares of Invesco Golden Dragon China ETF during the second quarter valued at about $128,000.

Invesco Golden Dragon China ETF Trading Up 0.3 %

Shares of Invesco Golden Dragon China ETF stock traded up $0.07 on Thursday, hitting $24.58. 36,182 shares of the company traded hands, compared to its average volume of 71,692. Invesco Golden Dragon China ETF has a 52 week low of $21.31 and a 52 week high of $32.07. The company has a market cap of $138.88 million, a PE ratio of 43.14 and a beta of 0.58. The stock’s 50 day moving average price is $24.14 and its 200-day moving average price is $25.24.

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.