Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Update

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,450,873 shares, a growth of 215.4% from the August 31st total of 777,087 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,874,836 shares, the days-to-cover ratio is presently 0.4 days.

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

Institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 2nd quarter worth approximately $206,000. Tidal Investments LLC raised its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 22.4% during the 2nd quarter. Tidal Investments LLC now owns 2,587,034 shares of the exchange traded fund’s stock valued at $41,082,000 after buying an additional 473,522 shares during the period. MCF Advisors LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 2nd quarter valued at $68,000. Arlington Capital Management Inc. bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter worth $2,026,000. Finally, Integrated Wealth Concepts LLC lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 9.1% in the second quarter. Integrated Wealth Concepts LLC now owns 226,655 shares of the exchange traded fund’s stock worth $3,599,000 after buying an additional 18,845 shares during the last quarter.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 1.5%

Shares of NASDAQ:PDBC traded down $0.30 during trading on Friday, reaching $19.50. The company’s stock had a trading volume of 7,716,050 shares, compared to its average volume of 7,740,480. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $13.10 and a 12 month high of $20.16. The firm’s 50 day simple moving average is $18.48 and its two-hundred day simple moving average is $17.70.

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.