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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,105,748 shares, an increase of 71.3% from the May 31st total of 645,448 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 6,210,965 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 0.4%

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF stock traded up $0.07 during midday trading on Thursday, hitting $15.85. 4,131,046 shares of the stock were exchanged, compared to its average volume of 8,235,335. The company has a fifty day simple moving average of $17.56 and a two-hundred day simple moving average of $15.99. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 52 week low of $12.87 and a 52 week 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 the company. Tidal Investments LLC boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 803.0% during the second quarter. Tidal Investments LLC now owns 2,350,844 shares of the exchange traded fund’s stock valued at $30,655,000 after purchasing an additional 2,090,507 shares during the last quarter. Barclays PLC increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 396.7% during the 3rd quarter. Barclays PLC now owns 1,072,300 shares of the exchange traded fund’s stock worth $14,401,000 after purchasing an additional 856,400 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5,827.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 829,660 shares of the exchange traded fund’s stock worth $14,370,000 after purchasing an additional 815,663 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% in the 4th 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 last quarter. Finally, Advisortrust Partners LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 1st quarter valued at approximately $12,448,000.

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.