Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,267,768 shares, a drop of 45.8% from the July 15th total of 2,337,044 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 10,091,539 shares, the days-to-cover ratio is presently 0.1 days.
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Performance
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF stock traded up $0.30 during mid-day trading on Monday, hitting $18.21. The company’s stock had a trading volume of 3,192,141 shares, compared to its average volume of 8,172,265. The business has a 50 day moving average price of $16.95 and a 200-day moving average price of $16.79. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $12.87 and a 12 month high of $18.95.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of PDBC. Ascentis Independent Advisors purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 1st quarter valued at about $34,000. Tucker Asset Management LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 781 shares during the period. Finally, Global Assets Advisory LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter worth approximately $73,000.
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Company Profile
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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