Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Free Report) was the target 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. Based on an average daily volume of 6,210,965 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Performance
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF stock opened at $15.87 on Friday. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1 year low of $12.87 and a 1 year high of $18.95. The firm’s 50 day moving average price is $17.53 and its two-hundred day moving average price is $16.00.
Hedge Funds Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
A number of hedge funds have recently modified their holdings of the stock. Pacifica Partners Inc. purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at $26,000. Tucker Asset Management LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth about $31,000. International Assets Investment Management LLC acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter worth about $34,000. Ascentis Independent Advisors acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 1st quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 781 shares in the last quarter.
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. PDBC was launched on Nov 7, 2014 and is managed by Invesco.
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