Invesco Golden Dragon China ETF (PGJ)Greater China Region | Exchange Traded Fund | NasdaqGM
23.63 USD
-0.01
(-0.042%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:34 a.m. EDT
The Invesco Golden Dragon China ETF presents a classic value trap scenario where attractive metrics mask a deteriorating trend. While the price-to-book ratio of 0.37 looks compelling on paper, the underlying business has suffered a brutal multi-year decline, dropping nearly 15% in the trailing year alone. The market has correctly priced in the risks associated with the Chinese regulatory environment and economic slowdown, rendering the low valuation a warning sign rather than a bargain. Although the fund offers a 3.4% dividend yield, the payout history shows erratic distributions that do not provide a reliable income floor. Technically, the stock is trading well below its 50-day and 200-day averages, confirming a downtrend that has yet to reverse. With no meaningful options support from buyers and a statistical forecast showing zero directional bias, there is no immediate catalyst to justify a long position. Investors should wait for a confirmed reversal in the broader Chinese equity market before considering this vehicle. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.063864 |
| AutoETS | 0.063969 |
| MSTL | 0.065872 |
| AutoTheta | 0.068769 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 27.35 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.247 |
| Excess Kurtosis | -0.93 |
| Attribute | Value |
|---|---|
| Trailing P/E | 11.74 |
As of July 11, 2026, 3:34 a.m. EDT: Options activity reveals a distinct lack of bullish conviction. Call volume is negligible across all expirations, with open interest concentrated in deep out-of-the-money strikes (35.0) rather than realistic targets. Conversely, put open interest is significantly heavier, particularly in the September expiration where out-of-the-money puts show substantial positioning relative to calls. This imbalance suggests speculators are hedging downside risk or betting on continued stagnation rather than anticipating a near-term rally.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.30% | 2.50% | 3.63% | 2.42% |
| Date | Dividend | Yield % |
|---|---|---|
| 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 | 23.63 |
| Ask Size | 19 |
| Average Daily Volume10 Day | 23,370 |
| Average Daily Volume3 Month | 26,875 |
| Average Volume | 26,875 |
| Average Volume10Days | 23,370 |
| Beta3 Year | 0.85 |
| Bid | 23.58 |
| Bid Size | 19 |
| Book Value | 63.494 |
| Category | Greater China Region |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 23.84 |
| Day Low | 23.56 |
| Dividend Date | 1,514,505,600 |
| Dividend Yield | 3.4 |
| Eps Trailing Twelve Months | 2.0130184 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 24.8972 |
| Fifty Day Average Change | -1.2672005 |
| Fifty Day Average Change Percent | -0.050897308 |
| Fifty Two Week Change Percent | -20.99632 |
| Fifty Two Week High | 34.54 |
| Fifty Two Week High Change | -10.910002 |
| Fifty Two Week High Change Percent | -0.3158657 |
| Fifty Two Week Low | 21.69 |
| Fifty Two Week Low Change | 1.9399986 |
| Fifty Two Week Low Change Percent | 0.089442074 |
| Fifty Two Week Range | 21.69 - 34.54 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,102,602,600,000 |
| Five Year Average Return | -0.1368021 |
| Full Exchange Name | NasdaqGM |
| 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 | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_22892844 |
| Nav Price | 23.63 |
| Net Assets | 88,411,984.0 |
| Net Expense Ratio | 0.7 |
| Open | 23.77 |
| Previous Close | 23.64 |
| Price Hint | 2 |
| Price To Book | 0.37216115 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0100002 |
| Regular Market Change Percent | -0.0423022 |
| Regular Market Day High | 23.84 |
| Regular Market Day Low | 23.56 |
| Regular Market Day Range | 23.56 - 23.84 |
| Regular Market Open | 23.77 |
| Regular Market Previous Close | 23.64 |
| Regular Market Price | 23.63 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 12,907 |
| Shares Outstanding | 5,250,000 |
| Short Name | Invesco Golden Dragon China ETF |
| Source Interval | 15 |
| Symbol | PGJ |
| Three Year Average Return | -0.0374518 |
| Total Assets | 88,411,984 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.11 |
| Trailing Annual Dividend Yield | 0.00465313 |
| Trailing P E | 11.738591 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -12.54092 |
| Trailing Three Month Returns | -12.54092 |
| Triggerable | 1 |
| Two Hundred Day Average | 28.26645 |
| Two Hundred Day Average Change | -4.6364517 |
| Two Hundred Day Average Change Percent | -0.16402666 |
| Type Disp | ETF |
| Volume | 12,907 |
| Yield | 0.034 |
| Ytd Return | -21.51841 |