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

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,907 shares, a decline of 64.2% from the July 30th total of 24,899 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 73,022 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Agriculture Commodity Strategy No K-1 ETF Stock Performance

NASDAQ:PDBA traded up $0.40 during midday trading on Friday, hitting $38.94. 576,565 shares of the company traded hands, compared to its average volume of 218,520. The firm’s fifty day moving average is $36.88 and its 200-day moving average is $36.26. Invesco Agriculture Commodity Strategy No K-1 ETF has a 12-month low of $33.69 and a 12-month high of $38.99.

Institutional Investors Weigh In On Invesco Agriculture Commodity Strategy No K-1 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Castleview Partners LLC boosted its stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 5.9% during the 1st quarter. Castleview Partners LLC now owns 7,703 shares of the company’s stock worth $281,000 after purchasing an additional 426 shares during the period. CWM LLC boosted its position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 46.8% during the fourth quarter. CWM LLC now owns 1,602 shares of the company’s stock valued at $54,000 after buying an additional 511 shares during the period. Perissos Private Wealth Management LLC boosted its position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 0.9% during the third quarter. Perissos Private Wealth Management LLC now owns 71,154 shares of the company’s stock valued at $2,537,000 after buying an additional 661 shares during the period. Csenge Advisory Group grew its stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 5.7% during the fourth quarter. Csenge Advisory Group now owns 12,417 shares of the company’s stock valued at $422,000 after buying an additional 669 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 32.6% in the third quarter. Orion Porfolio Solutions LLC now owns 11,599 shares of the company’s stock worth $414,000 after buying an additional 2,853 shares during the period.

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.