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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 777,087 shares, a decrease of 69.7% from the August 15th total of 2,562,856 shares. Based on an average daily trading volume, of 4,525,258 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

A number of large investors have recently bought and sold shares of PDBC. SCS Capital Management LLC raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 8.9% in the 4th quarter. SCS Capital Management LLC now owns 2,111,753 shares of the exchange traded fund’s stock worth $27,981,000 after buying an additional 173,301 shares during the period. Concurrent Investment Advisors LLC grew its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 43.0% during the second quarter. Concurrent Investment Advisors LLC now owns 149,931 shares of the exchange traded fund’s stock valued at $2,381,000 after acquiring an additional 45,085 shares during the period. Advisory Solutions Group LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the second quarter valued at about $3,833,000. Geneos Wealth Management Inc. increased its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 150.6% during the first quarter. Geneos Wealth Management Inc. now owns 91,757 shares of the exchange traded fund’s stock worth $1,589,000 after acquiring an additional 55,135 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 2,326,173 shares of the exchange traded fund’s stock worth $30,822,000 after acquiring an additional 29,361 shares during the last quarter.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Down 1.3%

Shares of PDBC stock traded down $0.26 during trading hours on Friday, hitting $19.79. 4,245,269 shares of the company were exchanged, compared to its average volume of 7,860,630. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1 year low of $13.10 and a 1 year high of $20.06. The firm has a fifty day moving average of $17.89 and a 200 day moving average of $17.39.

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.