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

by · The Markets Daily

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 644,994 shares, a drop of 41.7% from the June 15th total of 1,105,748 shares. Based on an average trading volume of 5,885,468 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

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

Shares of NASDAQ:PDBC traded down $0.21 on Thursday, reaching $16.96. 2,943,763 shares of the company’s stock were exchanged, compared to its average volume of 8,040,682. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a twelve month low of $12.87 and a twelve month high of $18.95. The company has a fifty day moving average of $17.25 and a 200-day moving average of $16.20.

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

Several large investors have recently modified their holdings of the stock. Verus Capital Partners LLC lifted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.9% in the 1st quarter. Verus Capital Partners LLC now owns 13,365 shares of the exchange traded fund’s stock valued at $231,000 after purchasing an additional 624 shares during the period. Narus Financial Partners LLC boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.4% during the 4th quarter. Narus Financial Partners LLC now owns 30,213 shares of the exchange traded fund’s stock worth $400,000 after buying an additional 697 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 781 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the exchange traded fund’s stock valued at $213,000 after acquiring an additional 791 shares in the last quarter. Finally, Integrated Advisors Network LLC lifted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7.6% during the 1st quarter. Integrated Advisors Network LLC now owns 12,744 shares of the exchange traded fund’s stock valued at $221,000 after acquiring an additional 905 shares during the period.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Company Profile

(Get Free Report)

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.

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