PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio (PDBC) Sees Large Decline in Short Interest

PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio (NASDAQ:PDBC) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 390,931 shares, a decrease of 44.8% from the January 12th total of 708,831 shares. Based on an average daily trading volume, of 1,089,449 shares, the short-interest ratio is presently 0.4 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates lifted its holdings in PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio by 36.9% in the fourth quarter. Raymond James & Associates now owns 205,787 shares of the exchange traded fund’s stock valued at $3,591,000 after buying an additional 55,522 shares during the period. Advisor Group Inc. lifted its holdings in PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio by 42.8% in the fourth quarter. Advisor Group Inc. now owns 38,752 shares of the exchange traded fund’s stock valued at $676,000 after buying an additional 11,608 shares during the period. Larson Financial Group LLC acquired a new position in PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio in the fourth quarter valued at approximately $453,000. Renaissance Technologies LLC acquired a new position in PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio in the fourth quarter valued at approximately $866,000. Finally, Cahill Financial Advisors Inc. lifted its holdings in PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio by 129.7% in the fourth quarter. Cahill Financial Advisors Inc. now owns 34,310 shares of the exchange traded fund’s stock valued at $599,000 after buying an additional 19,371 shares during the period.

Shares of PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio (NASDAQ PDBC) traded up $0.26 during midday trading on Wednesday, reaching $17.31. 750,844 shares of the company traded hands, compared to its average volume of 1,290,000. PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio has a fifty-two week low of $14.95 and a fifty-two week high of $18.23.

COPYRIGHT VIOLATION WARNING: “PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio (PDBC) Sees Large Decline in Short Interest” was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.themarketsdaily.com/2018/02/15/powershares-optimum-yield-diversified-commodity-strategy-no-k-1-portfolio-pdbc-sees-large-decline-in-short-interest.html.

Receive News & Ratings for PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply