Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Shares Shorted: Short Interest Up 422.8% in October

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,732,395 shares, a growth of 422.8% from the September 30th total of 713,864 shares. Based on an average daily volume of 4,816,364 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the company’s stock are sold short.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Down 0.7%

NASDAQ:PDBC traded down $0.14 on Tuesday, hitting $20.00. The stock had a trading volume of 2,177,489 shares, compared to its average volume of 7,431,252. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1 year low of $13.23 and a 1 year high of $20.36. The firm’s fifty day simple moving average is $19.37 and its two-hundred day simple moving average is $17.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Lisle Cummings Inc. raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 833.1% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,549 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 1,383 shares during the period. Pinnacle Bancorp Inc. purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the third quarter worth about $32,000. Ascentis Independent Advisors purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter worth about $34,000. Pacifica Partners Inc. bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the third quarter worth about $41,000. Finally, Triumph Capital Management raised its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13,471.4% in the second quarter. Triumph Capital Management now owns 2,850 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 2,829 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.