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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 2,337,044 shares, an increase of 262.3% from the June 30th total of 644,994 shares. Based on an average daily volume of 6,485,440 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Hedge funds have recently made changes to their positions in the stock. Verus Capital Partners LLC boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.9% during the first quarter. Verus Capital Partners LLC now owns 13,365 shares of the exchange traded fund’s stock valued at $231,000 after purchasing an additional 624 shares in the last quarter. Narus Financial Partners LLC raised its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.4% in the fourth quarter. Narus Financial Partners LLC now owns 30,213 shares of the exchange traded fund’s stock worth $400,000 after purchasing an additional 697 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 781 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the exchange traded fund’s stock valued at $213,000 after buying an additional 791 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7.6% in the 1st quarter. Integrated Advisors Network LLC now owns 12,744 shares of the exchange traded fund’s stock valued at $221,000 after buying an additional 905 shares in the last quarter.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Performance

PDBC stock traded down $0.11 during trading on Friday, hitting $17.95. 4,734,718 shares of the company’s stock traded hands, compared to its average volume of 8,344,911. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1 year low of $12.87 and a 1 year high of $18.95. The business has a fifty day simple moving average of $17.12 and a two-hundred day simple moving average of $16.39.

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.