Short Interest in Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Rises By 405.1%

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 104,096 shares, an increase of 405.1% from the May 31st total of 20,608 shares. Based on an average daily trading volume, of 186,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.2% of the shares of the stock are sold short.

Invesco Agriculture Commodity Strategy No K-1 ETF Stock Performance

Shares of NASDAQ:PDBA traded down $0.16 on Friday, hitting $35.72. The company’s stock had a trading volume of 115,789 shares, compared to its average volume of 237,613. The company has a 50-day simple moving average of $36.40 and a 200 day simple moving average of $35.43. Invesco Agriculture Commodity Strategy No K-1 ETF has a 1 year low of $33.88 and a 1 year high of $38.43.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake in Invesco Agriculture Commodity Strategy No K-1 ETF by 46.8% in the fourth quarter. CWM LLC now owns 1,602 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares in the last quarter. Osaic Holdings Inc. grew its stake in Invesco Agriculture Commodity Strategy No K-1 ETF by 371.8% in the 2nd quarter. Osaic Holdings Inc. now owns 4,289 shares of the company’s stock worth $150,000 after buying an additional 3,380 shares in the last quarter. Castleview Partners LLC grew its stake in Invesco Agriculture Commodity Strategy No K-1 ETF by 5.9% in the 1st quarter. Castleview Partners LLC now owns 7,703 shares of the company’s stock worth $281,000 after buying an additional 426 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF in the 3rd quarter worth $289,000. Finally, LPL Financial LLC bought a new position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF in the 4th quarter worth $298,000.

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.