Short Interest in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Declines By 41.7%

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 644,994 shares, a decrease of 41.7% from the June 15th total of 1,105,748 shares. Based on an average daily trading volume, of 5,885,468 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 1.2%

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF stock traded down $0.21 during midday trading on Thursday, hitting $16.96. 2,943,763 shares of the stock were exchanged, compared to its average volume of 8,040,682. 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. The business’s 50-day moving average price is $17.25 and its 200-day moving average price is $16.20.

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

A number of hedge funds have recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth about $272,000. XTX Topco Ltd purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter valued at about $181,000. EverSource Wealth Advisors LLC grew its position in shares of 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. Qube Research & Technologies Ltd lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 37.5% in the second quarter. Qube Research & Technologies Ltd now owns 175,006 shares of the exchange traded fund’s stock valued at $2,282,000 after purchasing an additional 47,711 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 85.9% in the second quarter. NewEdge Advisors LLC now owns 110,874 shares of the exchange traded fund’s stock worth $1,446,000 after buying an additional 51,248 shares during the last quarter.

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.