Short Interest in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Declines By 69.7%

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 777,087 shares, a drop of 69.7% from the August 15th total of 2,562,856 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 4,525,258 shares, the days-to-cover ratio is presently 0.2 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 3.9% during the 1st quarter. Bank of America Corp DE now owns 4,899,404 shares of the exchange traded fund’s stock valued at $84,858,000 after buying an additional 183,866 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,011 shares of the exchange traded fund’s stock worth $41,711,000 after acquiring an additional 77,195 shares during the period. GM Advisory Group LLC raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.7% during the 1st quarter. GM Advisory Group LLC now owns 2,385,149 shares of the exchange traded fund’s stock worth $41,311,000 after acquiring an additional 40,591 shares during the period. Tidal Investments LLC lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 22.4% during the second quarter. Tidal Investments LLC now owns 2,587,034 shares of the exchange traded fund’s stock valued at $41,082,000 after purchasing an additional 473,522 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 2,326,173 shares of the exchange traded fund’s stock valued at $30,822,000 after purchasing an additional 29,361 shares in the last quarter.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Down 0.1%

Shares of PDBC stock traded down $0.01 during mid-day trading on Monday, reaching $19.78. 5,580,129 shares of the company’s stock traded hands, compared to its average volume of 7,847,604. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $13.10 and a 12 month high of $20.06. The firm has a 50 day moving average price of $17.96 and a two-hundred day moving average price of $17.45.

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. PDBC was launched on Nov 7, 2014 and is managed by Invesco.