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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 1,640,000 shares, a decrease of 41.2% from the April 30th total of 2,790,000 shares. Based on an average trading volume of 3,512,600 shares, the short-interest ratio is presently 0.5 days.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 1.6 %

NASDAQ PDBC opened at $13.48 on Friday. The business has a 50-day moving average price of $13.85 and a 200-day moving average price of $14.10. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a twelve month low of $13.38 and a twelve month high of $20.76.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDBC. Cadent Capital Advisors LLC grew its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.6% in the fourth quarter. Cadent Capital Advisors LLC now owns 11,010 shares of the exchange traded fund’s stock worth $163,000 after purchasing an additional 684 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 13,247 shares of the exchange traded fund’s stock valued at $214,000 after acquiring an additional 767 shares in the last quarter. Ulland Investment Advisors LLC boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 20.4% during the 1st quarter. Ulland Investment Advisors LLC now owns 4,815 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 815 shares in the last quarter. Detalus Advisors LLC boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.0% during the 4th quarter. Detalus Advisors LLC now owns 84,454 shares of the exchange traded fund’s stock valued at $1,248,000 after acquiring an additional 829 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 43,770 shares of the exchange traded fund’s stock valued at $708,000 after acquiring an additional 842 shares in the last quarter.

About Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

(Get Rating)

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.