Short Interest in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Expands By 102.2%

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,562,856 shares, an increase of 102.2% from the July 30th total of 1,267,768 shares. Based on an average trading volume of 7,471,170 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the shares of the stock are short sold.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 0.2%

Shares of PDBC opened at $18.39 on Friday. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1 year low of $13.10 and a 1 year high of $18.95. The business’s 50 day simple moving average is $17.22 and its 200-day simple moving average is $17.05.

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

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 803.0% in the 2nd quarter. Tidal Investments LLC now owns 2,350,844 shares of the exchange traded fund’s stock worth $30,655,000 after buying an additional 2,090,507 shares in the last quarter. Barclays PLC raised 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 valued at $14,401,000 after buying an additional 856,400 shares in the last quarter. Janney Montgomery Scott LLC raised its position 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 valued at $14,370,000 after buying an additional 815,663 shares in the last quarter. Morgan Stanley raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% during 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 in the last quarter. Finally, Advisortrust Partners LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 1st quarter valued at about $12,448,000.

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.