Help with PCI-E type?

[snakethesniper]

Hello.
My rig is as follows:
Motherboard: asus P8Z68-V/GEN3
GPU: Asus Strix GTX 970 OC 4Gb
RAM: 8 GB DDR3

I used GPU-Z to check my gpu and I noticed one thing:
In the Bus Interface the value is: PCI-E 2.0 x16@x1 1.1
If I hover the mouse it says that the GPU supports PCI-Express x16 v2.0 but the current value is PCI-Express x1 v1.1
I know basically nothing about this, is this supposed to be ok? Is there something wrong?

 

[sneekypeet]

Click on the render test and see if the interface changes. Without a load on the GPU that box in GPU-Z reads the current state of the slot.

 

[snakethesniper]

Click on the render test and see if the interface changes. Without a load on the GPU that box in GPU-Z reads the current state of the slot.

I did and it showed x1 v2.0. I tried re-seating the GPU and it actually worked, now under load is x16 v2.0