Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Shares Shorted: Short Interest Up 422.8% in October

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,732,395 shares, a growth of 422.8% from the September 30th total of 713,864 shares. Based on an average trading volume of 4,816,364 shares, the short-interest ratio is presently 0.8 days. Currently, 0.9% of the company’s stock are sold short.

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

PDBC stock traded down $0.14 during mid-day trading on Tuesday, reaching $20.00. 2,177,489 shares of the company traded hands, compared to its average volume of 7,431,252. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a fifty-two week low of $13.23 and a fifty-two week high of $20.36. The firm’s 50 day moving average price is $19.37 and its 200 day moving average price is $17.25.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Graham Capital Wealth Management LLC grew its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 15.9% during the third quarter. Graham Capital Wealth Management LLC now owns 13,713 shares of the exchange traded fund’s stock worth $265,000 after buying an additional 1,877 shares in the last quarter. Latitude Advisors LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 3rd quarter valued at $75,000. Oppenheimer & Co. Inc. bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 3rd quarter valued at $352,000. WESPAC Advisors LLC bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 3rd quarter valued at $743,000. Finally, Flagship Harbor Advisors LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 9.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 121,231 shares of the exchange traded fund’s stock valued at $2,340,000 after acquiring an additional 10,604 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.