Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 713,864 shares, a decline of 70.9% from the September 15th total of 2,450,873 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 5,981,440 shares, the short-interest ratio is presently 0.1 days.
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Price Performance
Shares of NASDAQ PDBC traded up $0.20 during mid-day trading on Monday, hitting $19.86. 3,277,198 shares of the company were exchanged, compared to its average volume of 7,648,901. The stock has a 50 day simple moving average of $18.84 and a 200-day simple moving average of $17.88. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1-year low of $13.10 and a 1-year high of $20.16.
Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Several hedge funds have recently made changes to their positions in PDBC. Bank of America Corp DE increased its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 3.9% during the first quarter. Bank of America Corp DE now owns 4,899,404 shares of the exchange traded fund’s stock worth $84,858,000 after acquiring an additional 183,866 shares during the period. Tidal Investments LLC raised its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 22.4% during the second quarter. Tidal Investments LLC now owns 2,587,034 shares of the exchange traded fund’s stock worth $41,082,000 after purchasing an additional 473,522 shares in the last quarter. GM Advisory Group LLC raised its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.7% during the first quarter. GM Advisory Group LLC now owns 2,385,149 shares of the exchange traded fund’s stock worth $41,311,000 after purchasing an additional 40,591 shares in the last quarter. Hsbc Holdings PLC lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 54.5% in the first quarter. Hsbc Holdings PLC now owns 1,021,000 shares of the exchange traded fund’s stock valued at $17,684,000 after purchasing an additional 360,000 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5,827.4% in the first quarter. Janney Montgomery Scott LLC now owns 829,660 shares of the exchange traded fund’s stock valued at $14,370,000 after purchasing an additional 815,663 shares during the period.
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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