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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 777,087 shares, a decline of 69.7% from the August 15th total of 2,562,856 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 4,525,258 shares, the short-interest ratio is presently 0.2 days.

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

Hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC increased its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 803.0% during the 2nd quarter. Tidal Investments LLC now owns 2,350,844 shares of the exchange traded fund’s stock worth $30,655,000 after purchasing an additional 2,090,507 shares in the last quarter. Barclays PLC lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 396.7% in the 3rd quarter. Barclays PLC now owns 1,072,300 shares of the exchange traded fund’s stock valued at $14,401,000 after purchasing an additional 856,400 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5,827.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 829,660 shares of the exchange traded fund’s stock valued at $14,370,000 after purchasing an additional 815,663 shares in the last quarter. Morgan Stanley lifted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% during the fourth quarter. Morgan Stanley now owns 19,076,997 shares of the exchange traded fund’s stock valued at $252,770,000 after buying an additional 784,292 shares during the period. Finally, Advisortrust Partners LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter worth $12,448,000.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Down 1.3%

Shares of PDBC traded down $0.26 during mid-day trading on Friday, reaching $19.79. 4,245,269 shares of the company’s stock were exchanged, compared to its average volume of 7,860,630. The company has a 50-day simple moving average of $17.89 and a two-hundred day simple moving average of $17.39. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 52-week low of $13.10 and a 52-week high of $20.06.

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.