Invesco Golden Dragon China ETF (PGJ)Greater China Region | Exchange Traded Fund | NasdaqGM
21.83 USD
-0.30
(-1.352%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 5:17 a.m. EDT
The 'Golden Dragon' ETF presents a classic value trap scenario where cheap valuation masks a broken trend. While the price-to-book ratio of 0.35 looks attractive on paper, the asset is trading significantly below its 50-day and 200-day averages, confirming that the market has priced in severe structural issues with the underlying Chinese equities. The recent price action shows a grinding decline, hitting a fresh 52-week low, which suggests the downtrend is intact despite the recent minor bounce. The statistical forecast model leans slightly negative, aligning with the technical weakness. While the dividend yield offers some cushion, it is insufficient to offset the capital loss potential in a continuing bear market. The options market is the only bright spot, with heavy call buying at distant strikes hinting at a speculative hope for a policy-driven rally, but this is not yet reflected in the underlying price momentum. For now, the risk-reward profile remains unfavorable. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.049588 |
| AutoETS | 0.050750 |
| AutoARIMA | 0.050959 |
| MSTL | 0.051492 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 46% |
| H-stat | 6.60 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.202 |
| Excess Kurtosis | -1.29 |
| Attribute | Value |
|---|---|
| Trailing P/E | 10.59 |
As of Oct. 10, 2026, 5:17 a.m. EDT: Speculators are positioning for a modest rebound rather than a crash. Call open interest is heavily skewed out-of-the-money (OTM) at strikes like $29 and $35, suggesting bets on a significant recovery to previous highs. Conversely, put activity is concentrated near the current price ($21-$25) with very little OTM protection bought, indicating a lack of fear regarding a deep decline but a hedge against stagnation.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.66% | 1.69% | 3.68% | 2.55% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-21 | 0.148 | 0.660419 |
| 2026-06-22 | 0.069 | 0.299349 |
| 2026-03-23 | 0.011 | 0.042243 |
| 2025-12-22 | 0.203 | 0.690711 |
| 2025-09-22 | 0.483 | 1.464524 |
| 2025-06-23 | 0.215 | 0.773381 |
| 2025-03-24 | 0.072 | 0.236376 |
| 2024-12-23 | 0.065 | 0.243720 |
| 2024-09-23 | 0.152 | 0.663176 |
| 2024-06-24 | 1.013 | 4.370147 |
| 2023-12-18 | 0.396 | 1.592280 |
| 2023-09-18 | 0.144 | 0.523636 |
| 2023-06-20 | 0.088 | 0.322699 |
| 2023-03-20 | 0.023 | 0.083092 |
| 2022-12-19 | 0.083 | 0.300834 |
| 2022-09-19 | 0.070 | 0.247262 |
| 2022-06-21 | 0.076 | 0.239672 |
| 2020-12-21 | 0.082 | 0.133485 |
| 2020-06-22 | 0.028 | 0.057085 |
| 2020-03-23 | 0.085 | 0.242996 |
| 2019-09-23 | 0.019 | 0.050897 |
| 2019-06-24 | 0.052 | 0.140883 |
| 2018-09-24 | 0.071 | 0.186548 |
| 2018-06-18 | 0.027 | 0.053370 |
| 2017-12-18 | 0.614 | 1.368398 |
| 2017-09-18 | 0.108 | 0.240320 |
| 2017-06-16 | 0.197 | 0.527443 |
| 2016-12-16 | 0.481 | 1.668980 |
| 2016-09-16 | 0.032 | 0.097591 |
| 2016-06-17 | 0.042 | 0.154753 |
| 2015-09-18 | 0.030 | 0.115696 |
| 2015-06-19 | 0.092 | 0.263610 |
| 2014-12-19 | 0.081 | 0.286320 |
| 2014-09-19 | 0.038 | 0.120635 |
| 2014-06-20 | 0.129 | 0.433613 |
| 2013-12-20 | 0.143 | 0.490566 |
| 2013-09-20 | 0.080 | 0.287047 |
| 2013-06-21 | 0.068 | 0.333824 |
| 2012-12-21 | 0.097 | 0.515683 |
| 2012-09-21 | 0.099 | 0.527157 |
| 2012-06-15 | 0.247 | 1.285120 |
| 2012-03-16 | 0.018 | 0.080754 |
| 2011-12-16 | 0.179 | 0.921730 |
| 2011-09-16 | 0.139 | 0.603299 |
| 2011-06-17 | 0.138 | 0.576200 |
| 2010-12-17 | 0.110 | 0.421295 |
| 2010-09-17 | 0.027 | 0.108565 |
| 2010-06-18 | 0.041 | 0.173802 |
| 2009-12-18 | 0.123 | 0.517459 |
| 2009-09-18 | 0.030 | 0.125892 |
| 2009-06-19 | 0.046 | 0.220729 |
| 2008-09-19 | 0.133 | 0.601810 |
| 2008-06-20 | 0.038 | 0.148148 |
| 2007-09-21 | 0.049 | 0.156650 |
| 2007-06-15 | 0.163 | 0.661258 |
| 2006-12-15 | 0.006 | 0.030318 |
| 2006-09-15 | 0.080 | 0.501253 |
| 2006-06-16 | 0.124 | 0.822281 |
| 2005-12-16 | 0.001 | 0.007210 |
| 2005-09-16 | 0.112 | 0.798859 |
| 2005-06-17 | 0.050 | 0.366032 |
| Attribute | Value |
|---|---|
| All Time High | 85.9 |
| All Time Low | 10.91 |
| Ask | 25.62 |
| Ask Size | 3 |
| Average Daily Volume10 Day | 20,540 |
| Average Daily Volume3 Month | 20,584 |
| Average Volume | 20,584 |
| Average Volume10Days | 20,540 |
| Beta3 Year | 0.66 |
| Bid | 25.41 |
| Bid Size | 3 |
| Book Value | 63.494 |
| Category | Greater China Region |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 22.07 |
| Day Low | 21.775 |
| Dividend Date | 1,514,505,600 |
| Dividend Yield | 1.96 |
| Eps Trailing Twelve Months | 2.0617018 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 23.191 |
| Fifty Day Average Change | -1.3624 |
| Fifty Day Average Change Percent | -0.05874693 |
| Fifty Two Week Change Percent | -30.427944 |
| Fifty Two Week High | 32.93 |
| Fifty Two Week High Change | -11.1014 |
| Fifty Two Week High Change Percent | -0.3371212 |
| Fifty Two Week Low | 21.25 |
| Fifty Two Week Low Change | 0.57859993 |
| Fifty Two Week Low Change Percent | 0.027228232 |
| Fifty Two Week Range | 21.25 - 32.93 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,102,602,600,000 |
| Five Year Average Return | -0.11107139 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -0.2777996 |
| Fullday Change Percent | -1.2560002 |
| Fullday Price | 21.8286 |
| Fund Family | Invesco |
| Fund Inception Date | 1,102,550,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of U.S. exchange-listed companies that are headquartered or incorporated in the People's Republic of China. The fund is non-diversified. |
| Long Name | Invesco Golden Dragon China ETF |
| Market | us_market |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_22892844 |
| Nav Price | 22.13 |
| Net Assets | 84,517,880.0 |
| Net Expense Ratio | 0.7 |
| Open | 22.07 |
| Previous Close | 22.1278 |
| Price Hint | 2 |
| Price To Book | 0.34378996 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.29920006 |
| Regular Market Change Percent | -1.3521456 |
| Regular Market Day High | 22.07 |
| Regular Market Day Low | 21.775 |
| Regular Market Day Range | 21.775 - 22.07 |
| Regular Market Open | 22.07 |
| Regular Market Previous Close | 22.1278 |
| Regular Market Price | 21.8286 |
| Regular Market Time | 1,792,008,000 |
| Regular Market Volume | 12,634 |
| Shares Outstanding | 5,250,000 |
| Short Name | Invesco Golden Dragon China ETF |
| Source Interval | 15 |
| Symbol | PGJ |
| Three Year Average Return | -0.0217603 |
| Total Assets | 84,517,880 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.11 |
| Trailing Annual Dividend Yield | 0.0049711224 |
| Trailing P E | 10.587661 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -2.01811 |
| Trailing Three Month Returns | -2.01811 |
| Triggerable | 1 |
| Two Hundred Day Average | 25.78395 |
| Two Hundred Day Average Change | -3.9553509 |
| Two Hundred Day Average Change Percent | -0.1534036 |
| Type Disp | ETF |
| Volume | 12,634 |
| Yield | 0.0196 |
| Ytd Return | -23.10225 |