Invesco Golden Dragon China ETF (NASDAQ:PGJ) Short Interest Down 60.0% in May

Invesco Golden Dragon China ETF (NASDAQ:PGJGet Rating) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 31,500 shares, a drop of 60.0% from the April 30th total of 78,700 shares. Based on an average daily volume of 171,900 shares, the short-interest ratio is currently 0.2 days.

NASDAQ PGJ traded up $0.32 during trading on Friday, hitting $26.92. 4,966 shares of the company traded hands, compared to its average volume of 154,002. The business has a fifty day simple moving average of $27.58 and a 200 day simple moving average of $33.02. Invesco Golden Dragon China ETF has a 12 month low of $20.47 and a 12 month high of $62.50.

A number of hedge funds have recently added to or reduced their stakes in PGJ. Citigroup Inc. grew its position in Invesco Golden Dragon China ETF by 180.0% during the third quarter. Citigroup Inc. now owns 7,249 shares of the company’s stock worth $306,000 after buying an additional 4,660 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in Invesco Golden Dragon China ETF during the third quarter worth about $4,820,000. Credit Suisse AG acquired a new stake in Invesco Golden Dragon China ETF during the third quarter worth about $12,660,000. Morgan Stanley grew its position in Invesco Golden Dragon China ETF by 81.9% during the third quarter. Morgan Stanley now owns 304,048 shares of the company’s stock worth $12,828,000 after buying an additional 136,863 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Invesco Golden Dragon China ETF by 54.9% during the third quarter. Royal Bank of Canada now owns 7,250 shares of the company’s stock worth $306,000 after buying an additional 2,570 shares in the last quarter.

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