Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Sees Significant Decrease in Short Interest

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 29,128 shares, a decline of 58.4% from the September 30th total of 70,092 shares. Based on an average daily volume of 83,574 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Invesco Agriculture Commodity Strategy No K-1 ETF Stock Down 0.8%

Shares of NASDAQ PDBA traded down $0.28 during midday trading on Friday, reaching $35.94. The company’s stock had a trading volume of 392,175 shares, compared to its average volume of 241,632. Invesco Agriculture Commodity Strategy No K-1 ETF has a fifty-two week low of $33.69 and a fifty-two week high of $39.41. The business’s 50 day moving average price is $38.00 and its two-hundred day moving average price is $36.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC raised its position in Invesco Agriculture Commodity Strategy No K-1 ETF by 493.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 865,860 shares of the company’s stock worth $30,842,000 after purchasing an additional 719,935 shares during the last quarter. Eastern Bank bought a new position in Invesco Agriculture Commodity Strategy No K-1 ETF in the second quarter worth approximately $11,239,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF during the first quarter valued at approximately $5,174,000. Legacy Wealth Partners LLC acquired a new stake in Invesco Agriculture Commodity Strategy No K-1 ETF in the 3rd quarter valued at $2,708,000. Finally, Financial Enhancement Group LLC acquired a new position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF during the third quarter valued at about $2,516,000.

About Invesco Agriculture Commodity Strategy No K-1 ETF

The Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is an exchange-traded fund that mostly invests in broad market commodities. PBDA is an actively managed portfolio that provides exposure to global agricultural commodities through a Cayman Islands subsidiary. PDBA was launched on Aug 24, 2022 and is managed by Invesco.