Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Short Interest Update

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,694,129 shares, a growth of 2,062.4% from the April 30th total of 78,344 shares. Currently, 19.7% of the shares of the stock are short sold. Based on an average daily volume of 547,865 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PDBA. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF in the first quarter worth approximately $5,174,000. Hilltop Holdings Inc. grew its position in Invesco Agriculture Commodity Strategy No K-1 ETF by 227.4% in the third quarter. Hilltop Holdings Inc. now owns 81,137 shares of the company’s stock worth $2,893,000 after acquiring an additional 56,356 shares during the period. WT Wealth Management purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF in the fourth quarter worth approximately $1,551,000. Miller Global Investments LLC purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF in the fourth quarter worth approximately $1,388,000. Finally, Assetmark Inc. purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF in the first quarter worth approximately $1,298,000.

Invesco Agriculture Commodity Strategy No K-1 ETF Price Performance

Shares of PDBA stock traded down $0.39 during trading hours on Friday, reaching $36.30. The company had a trading volume of 135,770 shares, compared to its average volume of 221,903. Invesco Agriculture Commodity Strategy No K-1 ETF has a 12-month low of $33.88 and a 12-month high of $38.43. The stock has a fifty day moving average of $36.62 and a 200-day moving average of $35.34.

Invesco Agriculture Commodity Strategy No K-1 ETF Company Profile

The Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is an exchange-traded fund that mostly invests in broad market commodities. PBDA is an actively managed portfolio that provides exposure to global agricultural commodities through a Cayman Islands subsidiary. PDBA was launched on Aug 24, 2022 and is managed by Invesco.