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) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 644,994 shares, a drop of 41.7% from the June 15th total of 1,105,748 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 5,885,468 shares, the short-interest ratio is currently 0.1 days.

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

Shares of PDBC stock traded up $0.32 during mid-day trading on Friday, reaching $17.28. The company’s stock had a trading volume of 11,970,360 shares, compared to its average volume of 8,067,564. The company’s 50 day simple moving average is $17.23 and its 200-day simple moving average is $16.22. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12-month low of $12.87 and a 12-month high of $18.95.

Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Several large investors have recently modified their holdings of the business. Revolve Wealth Partners LLC bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth about $272,000. XTX Topco Ltd acquired a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter worth about $181,000. EverSource Wealth Advisors LLC grew its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 781 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 37.5% in the second quarter. Qube Research & Technologies Ltd now owns 175,006 shares of the exchange traded fund’s stock valued at $2,282,000 after buying an additional 47,711 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 85.9% in the second quarter. NewEdge Advisors LLC now owns 110,874 shares of the exchange traded fund’s stock valued at $1,446,000 after buying an additional 51,248 shares during the last quarter.

About Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

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.