Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Sees Significant Growth in Short Interest

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 14,300 shares, an increase of 21.2% from the February 13th total of 11,800 shares. Based on an average daily volume of 36,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the company’s stock are short sold.

Invesco Agriculture Commodity Strategy No K-1 ETF Price Performance

PDBA traded up $0.02 during mid-day trading on Tuesday, reaching $35.77. 10,662 shares of the stock were exchanged, compared to its average volume of 19,371. Invesco Agriculture Commodity Strategy No K-1 ETF has a 1 year low of $33.07 and a 1 year high of $40.42. The company has a 50 day moving average price of $36.11 and a two-hundred day moving average price of $36.77.

Invesco Agriculture Commodity Strategy No K-1 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $4.6081 dividend. This is an increase from Invesco Agriculture Commodity Strategy No K-1 ETF’s previous dividend of $2.04. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco Agriculture Commodity Strategy No K-1 ETF

Several hedge funds have recently added to or reduced their stakes in PDBA. Leavell Investment Management Inc. lifted its stake in Invesco Agriculture Commodity Strategy No K-1 ETF by 28.9% in the fourth quarter. Leavell Investment Management Inc. now owns 11,409 shares of the company’s stock valued at $404,000 after purchasing an additional 2,557 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF during the 4th quarter valued at $328,000. GTS Securities LLC bought a new position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF during the 4th quarter worth $559,000. Capital Wealth Alliance LLC raised its stake in Invesco Agriculture Commodity Strategy No K-1 ETF by 42.7% in the 4th quarter. Capital Wealth Alliance LLC now owns 86,491 shares of the company’s stock valued at $3,063,000 after acquiring an additional 25,874 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Invesco Agriculture Commodity Strategy No K-1 ETF by 171.9% during the fourth quarter. Jane Street Group LLC now owns 70,031 shares of the company’s stock valued at $2,480,000 after purchasing an additional 44,274 shares during the last quarter.

About Invesco Agriculture Commodity Strategy No K-1 ETF

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.