Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Down 69.7% in August

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PDBC. Tidal Investments LLC boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 22.4% in the second quarter. Tidal Investments LLC now owns 2,587,034 shares of the exchange traded fund’s stock worth $41,082,000 after acquiring an additional 473,522 shares during the period. MCF Advisors LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 2nd quarter worth about $68,000. Arlington Capital Management Inc. bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 2nd quarter worth about $2,026,000. Integrated Wealth Concepts LLC increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 9.1% during the second quarter. Integrated Wealth Concepts LLC now owns 226,655 shares of the exchange traded fund’s stock valued at $3,599,000 after buying an additional 18,845 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 84.6% during the second quarter. NewEdge Advisors LLC now owns 59,473 shares of the exchange traded fund’s stock valued at $944,000 after buying an additional 27,250 shares during the period.

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

PDBC stock traded down $0.26 during trading on Friday, hitting $19.79. The company had a trading volume of 4,245,269 shares, compared to its average volume of 7,860,630. The business has a 50-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 has a one year low of $13.10 and a one year high of $20.06.

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.