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 in the month of October. As of October 15th, there was short interest totaling 3,732,395 shares, an increase of 422.8% from the September 30th total of 713,864 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 4,816,364 shares, the days-to-cover ratio is presently 0.8 days.
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Performance
Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF stock traded down $0.12 on Thursday, hitting $20.02. 2,498,560 shares of the company traded hands, compared to its average volume of 7,407,176. The stock’s 50 day moving average price is $19.44 and its 200-day moving average price is $17.32. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 52 week low of $13.23 and a 52 week high of $20.36.
Institutional Investors Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 3.9% in 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. Briaud Financial Planning Inc boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 47.6% in the third quarter. Briaud Financial Planning Inc now owns 2,468,334 shares of the exchange traded fund’s stock valued at $47,639,000 after purchasing an additional 796,323 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 3rd quarter worth about $45,173,000. GM Advisory Group LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.7% during the 1st quarter. GM Advisory Group LLC now owns 2,385,149 shares of the exchange traded fund’s stock valued at $41,311,000 after buying an additional 40,591 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 22.4% in the 2nd quarter. Tidal Investments LLC now owns 2,587,034 shares of the exchange traded fund’s stock valued at $41,082,000 after buying an additional 473,522 shares during the period.
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.
See Also
- Five stocks we like better than Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
- Constellation Energy’s Nuclear Expansion Gets a $5 Billion Opening, Not a Guarantee
Receive News & Ratings for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
