Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sees Large Decline in Short Interest

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,267,768 shares, a decrease of 45.8% from the July 15th total of 2,337,044 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 10,091,539 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Large investors have recently added to or reduced their stakes in the company. Verus Capital Partners LLC lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.9% in the 1st quarter. Verus Capital Partners LLC now owns 13,365 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 624 shares during the last quarter. Narus Financial Partners LLC grew its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.4% during the fourth quarter. Narus Financial Partners LLC now owns 30,213 shares of the exchange traded fund’s stock valued at $400,000 after acquiring an additional 697 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 781 shares in the last quarter. Integrated Advisors Network LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7.6% during the first quarter. Integrated Advisors Network LLC now owns 12,744 shares of the exchange traded fund’s stock worth $221,000 after acquiring an additional 905 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 42,189 shares of the exchange traded fund’s stock worth $550,000 after acquiring an additional 951 shares during the last quarter.

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

Shares of NASDAQ:PDBC traded up $0.30 during midday trading on Monday, hitting $18.21. The stock had a trading volume of 3,192,141 shares, compared to its average volume of 8,172,265. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $12.87 and a 12 month high of $18.95. The business’s 50-day simple moving average is $16.95 and its 200-day simple moving average is $16.79.

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.