Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Down 55.4% in May

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 2,270,000 shares, a decrease of 55.4% from the May 15th total of 5,090,000 shares. Based on an average trading volume of 5,098,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are sold short.

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

Shares of PDBC remained flat at $13.54 during trading hours on Monday. The stock had a trading volume of 10,428,018 shares, compared to its average volume of 4,321,873. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12-month low of $12.02 and a 12-month high of $14.44. The firm’s 50 day simple moving average is $12.77 and its 200 day simple moving average is $13.15.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 1st quarter valued at $26,000. Silver Oak Securities Incorporated bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter valued at $29,000. AdvisorNet Financial Inc increased its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 103.8% in the first quarter. AdvisorNet Financial Inc now owns 2,380 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 1,212 shares during the last quarter. Salem Investment Counselors Inc. raised its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 188.2% during the first quarter. Salem Investment Counselors Inc. now owns 2,594 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Creekmur Asset Management LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 265,700.0% during the first quarter. Creekmur Asset Management LLC now owns 2,658 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 2,657 shares during 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.