Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Down 55.4% in May

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 2,270,000 shares, a drop of 55.4% from the May 15th total of 5,090,000 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 5,098,700 shares, the short-interest ratio is currently 0.4 days.

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

Shares of PDBC stock remained flat at $13.54 on Monday. 10,428,018 shares of the company traded hands, compared to its average volume of 4,321,873. The firm’s 50 day moving average is $12.77 and its two-hundred day moving average is $13.15. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 52 week low of $12.02 and a 52 week high of $14.44.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Zacks Investment Management raised its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 0.6% during the 4th quarter. Zacks Investment Management now owns 129,660 shares of the exchange traded fund’s stock valued at $1,684,000 after buying an additional 767 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 18.5% in the first quarter. Trust Co. of Vermont now owns 5,320 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 831 shares during the period. FSB Premier Wealth Management Inc. raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.0% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 42,211 shares of the exchange traded fund’s stock valued at $548,000 after acquiring an additional 840 shares during the last quarter. Discipline Wealth Solutions LLC boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.6% during the fourth quarter. Discipline Wealth Solutions LLC now owns 19,262 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 841 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7.1% in the first quarter. D.A. Davidson & CO. now owns 15,078 shares of the exchange traded fund’s stock worth $206,000 after purchasing an additional 998 shares during 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.