Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Down 74.3% in May

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 May. As of May 29th, there was short interest totaling 645,448 shares, a decrease of 74.3% from the May 14th total of 2,507,368 shares. Based on an average daily trading volume, of 6,025,507 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently modified their holdings of PDBC. Pacifica Partners Inc. bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at about $26,000. Tucker Asset Management LLC bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at about $31,000. International Assets Investment Management LLC bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at about $34,000. Ascentis Independent Advisors bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter valued at about $34,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the third quarter valued at about $43,000.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Down 1.0%

Shares of PDBC traded down $0.18 during midday trading on Friday, hitting $17.06. 3,862,527 shares of the company traded hands, compared to its average volume of 8,393,322. The stock has a 50-day moving average of $17.83 and a 200-day moving average of $15.73. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a one year low of $12.87 and a one year high of $18.95.

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.