Robust Trading Activity Emerges
On Thursday, the Invesco Golden Dragon China ETF, known as PGJ, experienced an extraordinary surge in trading volume during afternoon trading hours. The volume surpassed 228,000 shares, a stark comparison to its three-month average of 41,000 shares. Impressively, PGJ shares climbed a remarkable 10.2% throughout the trading day.
The Standout Performers
Among the constituents of the ETF, NIO saw significant trading activity, with its shares escalating by 5.3% and over 84.1 million shares exchanging hands. Similarly, Alibaba Group Holding recorded a surge of 9.7%, accompanied by a trading volume exceeding 43.0 million shares. Notably, Gaotu Techedu emerged as the top-performing component on Thursday, boasting a remarkable 25.4% gain. Conversely, Lucas GC lagged among the components, showing minimal changes in its trading value.
VIDEO: Thursday’s ETF with Unusual Volume: PGJ
The opinions and insights shared in this analysis are those of the writer and may not necessarily resonate with the views of Nasdaq, Inc.
