Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Up 1,376.8% in March

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,548,039 shares, an increase of 1,376.8% from the February 26th total of 443,398 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 14,803,903 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 14,803,903 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.9% of the shares of the company are sold short.

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

NASDAQ:PDBC traded up $0.29 during mid-day trading on Tuesday, hitting $16.88. 7,779,178 shares of the company traded hands, compared to its average volume of 8,570,348. The stock’s fifty day moving average price is $15.10 and its 200-day moving average price is $14.06. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a one year low of $12.02 and a one year high of $17.49.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PDBC. Morgan Stanley boosted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% in the fourth quarter. Morgan Stanley now owns 19,076,997 shares of the exchange traded fund’s stock worth $252,770,000 after acquiring an additional 784,292 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,850,916 shares of the exchange traded fund’s stock worth $115,416,000 after purchasing an additional 452,374 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,788,312 shares of the exchange traded fund’s stock valued at $116,450,000 after buying an additional 513,683 shares in the last quarter. SigFig Wealth Management LLC raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% during the fourth quarter. SigFig Wealth Management LLC now owns 7,636,200 shares of the exchange traded fund’s stock valued at $101,179,000 after buying an additional 183,037 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,011 shares of the exchange traded fund’s stock worth $41,711,000 after buying an additional 77,195 shares in 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.