Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sees Significant Decline in Short Interest

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 443,398 shares, a drop of 90.2% from the February 12th total of 4,537,999 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 5,161,283 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 5,161,283 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

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

Shares of PDBC stock traded up $0.25 during mid-day trading on Tuesday, reaching $16.44. 16,671,663 shares of the company’s stock traded hands, compared to its average volume of 8,003,011. The company’s 50-day moving average price is $14.38 and its 200-day moving average price is $13.79. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $12.02 and a 12 month high of $17.07.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.5086 per share. This represents a yield of 383.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 2nd quarter valued at approximately $2,631,000. Advyzon Investment Management LLC raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 121.6% during the third quarter. Advyzon Investment Management LLC now owns 112,865 shares of the exchange traded fund’s stock valued at $1,516,000 after buying an additional 61,939 shares during the last quarter. Exencial Wealth Advisors LLC boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.9% in the third quarter. Exencial Wealth Advisors LLC now owns 995,151 shares of the exchange traded fund’s stock worth $13,365,000 after acquiring an additional 46,935 shares in the last quarter. Canal Capital Management LLC grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 132.4% in the second quarter. Canal Capital Management LLC now owns 107,523 shares of the exchange traded fund’s stock worth $1,402,000 after acquiring an additional 61,252 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter worth $13,040,000.

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.