Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sees Large Decrease in Short Interest

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,267,768 shares, a decline of 45.8% from the July 15th total of 2,337,044 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 10,091,539 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Hedge funds have recently bought and sold shares of the stock. Tucker Asset Management LLC purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter valued at $31,000. International Assets Investment Management LLC acquired a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at about $34,000. Ascentis Independent Advisors purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 1st quarter worth $34,000. EverSource Wealth Advisors LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 781 shares during the period. Finally, Global Assets Advisory LLC purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter worth about $73,000.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Down 0.1%

NASDAQ PDBC traded down $0.01 during trading on Tuesday, reaching $18.20. 2,970,642 shares of the company’s stock traded hands, compared to its average volume of 8,141,334. The company’s 50 day simple moving average is $16.96 and its two-hundred day simple moving average is $16.82. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12-month low of $12.87 and a 12-month high of $18.95.

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.