Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Update

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 1,971,335 shares, a drop of 69.9% from the March 15th total of 6,548,039 shares. Based on an average daily volume of 10,981,211 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the company’s stock are sold short.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 0.9%

Shares of PDBC stock opened at $16.97 on Friday. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1-year low of $12.35 and a 1-year high of $17.77. The stock’s 50-day moving average is $15.89 and its 200 day moving average is $14.41.

Institutional Investors Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

A number of institutional investors have recently added to or reduced their stakes in PDBC. Revolve Wealth Partners LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at about $272,000. XTX Topco Ltd acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter worth about $181,000. EverSource Wealth Advisors LLC boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 781 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 37.5% in the second quarter. Qube Research & Technologies Ltd now owns 175,006 shares of the exchange traded fund’s stock worth $2,282,000 after acquiring an additional 47,711 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 85.9% in the second quarter. NewEdge Advisors LLC now owns 110,874 shares of the exchange traded fund’s stock worth $1,446,000 after acquiring an additional 51,248 shares in the last quarter.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Company Profile

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is an exchange-traded fund that mostly invests in broad market commodities. The fund holds a diverse basket of commodity futures and aims to mitigate negative roll yield in its contract selection. The fund is structured as an ETF and is actively managed. PDBC was launched on Nov 7, 2014 and is managed by Invesco.