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 August. As of August 15th, there was short interest totaling 2,330,000 shares, adropof41.2% from the July 31st total of 3,960,000 shares. Based on an average trading volume of 5,030,100 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 5,030,100 shares, the days-to-cover ratio is presently 0.5 days.

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

Shares of PDBC traded up $0.10 during trading on Monday, reaching $13.22. The company’s stock had a trading volume of 2,804,345 shares, compared to its average volume of 5,120,814. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a twelve month low of $12.02 and a twelve month high of $14.25. The company has a fifty day moving average of $13.22 and a two-hundred day moving average of $13.11.

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

Several hedge funds have recently bought and sold shares of PDBC. Osaic Holdings Inc. grew its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 20.3% in the second quarter. Osaic Holdings Inc. now owns 1,083,581 shares of the exchange traded fund’s stock valued at $14,131,000 after acquiring an additional 183,121 shares during the period. Beacon Capital Management Inc. acquired a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 2nd quarter valued at $16,163,000. Centaurus Financial Inc. acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter valued at about $305,000. Orion Porfolio Solutions LLC increased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 3.1% in the second quarter. Orion Porfolio Solutions LLC now owns 389,688 shares of the exchange traded fund’s stock worth $5,082,000 after purchasing an additional 11,562 shares in the last quarter. Finally, TT Capital Management LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the second quarter worth $154,000.

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.