Short Interest in Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Increases By 471.4%

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 4,000 shares, a growth of 471.4% from the March 31st total of 700 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Agriculture Commodity Strategy No K-1 ETF Price Performance

Shares of NASDAQ PDBA traded down $0.59 during midday trading on Thursday, hitting $37.76. 9,313 shares of the company traded hands, compared to its average volume of 10,785. Invesco Agriculture Commodity Strategy No K-1 ETF has a 12-month low of $29.41 and a 12-month high of $38.41. The stock has a 50-day moving average price of $34.51 and a 200 day moving average price of $32.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PDBA. NewSquare Capital LLC lifted its stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 22.7% in the 4th quarter. NewSquare Capital LLC now owns 3,000 shares of the company’s stock valued at $90,000 after purchasing an additional 555 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF during the fourth quarter valued at $129,000. Proficio Capital Partners LLC bought a new stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF during the 3rd quarter valued at $444,000. Columbus Macro LLC grew its position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 82.5% in the 4th quarter. Columbus Macro LLC now owns 38,095 shares of the company’s stock worth $1,137,000 after buying an additional 17,220 shares during the period. Finally, Nilsine Partners LLC purchased a new stake in Invesco Agriculture Commodity Strategy No K-1 ETF in the fourth quarter worth about $5,181,000.

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.