Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Stock Short Interest Rises 649.3%

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 218,251 shares, an increase of 649.3% from the October 15th total of 29,128 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 479,714 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Agriculture Commodity Strategy No K-1 ETF Trading Down 0.3%

PDBA stock opened at $35.10 on Friday. Invesco Agriculture Commodity Strategy No K-1 ETF has a twelve month low of $33.69 and a twelve month high of $39.41. The firm’s fifty day simple moving average is $37.36 and its two-hundred day simple moving average is $36.52.

Hedge Funds Weigh In On Invesco Agriculture Commodity Strategy No K-1 ETF

Large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its stake in Invesco Agriculture Commodity Strategy No K-1 ETF by 493.4% in the second quarter. Proficio Capital Partners LLC now owns 865,860 shares of the company’s stock worth $30,842,000 after purchasing an additional 719,935 shares during the last quarter. Briaud Financial Planning Inc grew its stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 1.9% during the third quarter. Briaud Financial Planning Inc now owns 633,415 shares of the company’s stock valued at $23,791,000 after buying an additional 11,582 shares during the last quarter. Eastern Bank grew its stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 7.2% during the third quarter. Eastern Bank now owns 339,468 shares of the company’s stock valued at $12,750,000 after buying an additional 22,936 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 2.3% during the third quarter. Farther Finance Advisors LLC now owns 140,050 shares of the company’s stock valued at $5,260,000 after buying an additional 3,103 shares during the last quarter. Finally, Guild Investment Management Inc. raised its holdings in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 0.5% in the third quarter. Guild Investment Management Inc. now owns 135,660 shares of the company’s stock worth $5,095,000 after buying an additional 650 shares during the period.

About Invesco Agriculture Commodity Strategy No K-1 ETF

The Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is an exchange-traded fund that mostly invests in broad market commodities. PBDA is an actively managed portfolio that provides exposure to global agricultural commodities through a Cayman Islands subsidiary. PDBA was launched on Aug 24, 2022 and is managed by Invesco.