Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Up 262.3% in July

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,337,044 shares, a growth of 262.3% from the June 30th total of 644,994 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 6,485,440 shares, the short-interest ratio is currently 0.4 days.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 0.6%

NASDAQ:PDBC traded down $0.11 during midday trading on Friday, hitting $17.95. The stock had a trading volume of 4,734,718 shares, compared to its average volume of 8,344,911. The stock has a 50-day moving average of $17.12 and a 200 day moving average of $16.39. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a one year low of $12.87 and a one year high of $18.95.

Hedge Funds Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PDBC. Ascentis Independent Advisors purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter worth about $34,000. Tucker Asset Management LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter valued at about $31,000. International Assets Investment Management LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 781 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 1st quarter valued at about $73,000.

About Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

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.