PGJ Stock Summary and Trading Ideas (Invesco Golden Dragon China ETF | NASDAQ:PGJ)

The Invesco Golden Dragon China ETF (Fund) is based on the NASDAQ Golden Dragon China Index (Index). The Fund generally will invest at least 90% of its total assets in equity securities of companies deriving a majority of their revenues from the People s Republic of China and that comprise the Underlying Index. The Underlying Index is composed of US exchange-listed companies that are headquartered or incorporated in the People s Republic of China. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco Golden Dragon China ETF trades on the NASDAQ stock market under the symbol PGJ.

As of December 13, 2024, PGJ stock price declined to $27.03 with 37,758 million shares trading.

PGJ has a beta of 0.69, meaning it tends to be less sensitive to market movements. PGJ has a correlation of 0.05 to the broad based SPY ETF.

PGJ has a market cap of $149.21 million. This is considered a Micro Cap stock.

In the last 3 years, PGJ traded as high as $38.18 and as low as $16.87.

PGJ has underperformed the market in the last year with a return of +12.8%, while SPY returned +29.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PGJ shares. However, PGJ has outperformed the market in the last 3 month and 2 week periods, returning +24.3% and +4.1%, while SPY returned +7.8% and +0.3%, respectively. This indicates PGJ has been having a stronger performance recently.

PGJ support price is $26.88 and resistance is $27.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PGJ shares will trade within this expected range on the day.