Short Interest in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Expands By 44.9%

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 totalling 4,840,000 shares, a growth of 44.9% from the August 31st total of 3,340,000 shares. Based on an average daily volume of 3,180,600 shares, the days-to-cover ratio is presently 1.5 days.

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

Shares of PDBC traded up $0.05 during midday trading on Friday, reaching $13.46. The stock had a trading volume of 3,987,308 shares, compared to its average volume of 3,351,603. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12-month low of $12.60 and a 12-month high of $15.22. The company’s 50-day moving average is $13.31 and its 200 day moving average is $13.80.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 96.0% in the second quarter. Fifth Third Bancorp now owns 2,160 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 1,058 shares during the period. YHB Investment Advisors Inc. purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 1st quarter valued at about $34,000. Versant Capital Management Inc bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 1st quarter valued at approximately $36,000. Transcendent Capital Group LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth approximately $38,000. Finally, Mather Group LLC. bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 1st quarter worth approximately $41,000.

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.