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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,105,748 shares, an increase of 71.3% from the May 31st total of 645,448 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 6,210,965 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of PDBC traded up $0.07 during midday trading on Thursday, reaching $15.85. The stock had a trading volume of 4,131,046 shares, compared to its average volume of 8,235,335. The firm has a 50 day simple moving average of $17.56 and a 200-day simple moving average of $15.99. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a one year low of $12.87 and a one year high of $18.95.

Hedge Funds Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% in the fourth quarter. Morgan Stanley now owns 19,076,997 shares of the exchange traded fund’s stock valued at $252,770,000 after buying an additional 784,292 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,788,312 shares of the exchange traded fund’s stock worth $116,450,000 after acquiring an additional 513,683 shares during the last quarter. SigFig Wealth Management LLC raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% in the 4th quarter. SigFig Wealth Management LLC now owns 7,636,200 shares of the exchange traded fund’s stock valued at $101,179,000 after acquiring an additional 183,037 shares during the period. Bank of America Corp DE lifted its holdings in 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 purchasing an additional 183,866 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $41,711,000 after purchasing an additional 77,195 shares during the last quarter.

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.