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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,548,039 shares, a growth of 1,376.8% from the February 26th total of 443,398 shares. Based on an average daily volume of 14,803,903 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.9% of the shares of the stock are sold short. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 14,803,903 shares, the days-to-cover ratio is presently 0.4 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 up $0.29 during trading hours on Tuesday, reaching $16.88. The company’s stock had a trading volume of 7,779,178 shares, compared to its average volume of 8,570,348. The firm has a 50 day moving average price of $15.10 and a 200-day moving average price of $14.06. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a one year low of $12.02 and a one year high of $17.49.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PDBC. Revolve Wealth Partners LLC bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter worth approximately $272,000. Rockefeller Capital Management L.P. lifted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 41.6% during the second quarter. Rockefeller Capital Management L.P. now owns 156,542 shares of the exchange traded fund’s stock worth $2,041,000 after purchasing an additional 45,961 shares during the last quarter. Prudential PLC lifted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 8.2% during the second quarter. Prudential PLC now owns 23,590 shares of the exchange traded fund’s stock worth $308,000 after purchasing an additional 1,790 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the second quarter valued at $1,050,000. Finally, FreeGulliver LLC boosted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.6% during the second quarter. FreeGulliver LLC now owns 51,253 shares of the exchange traded fund’s stock valued at $668,000 after purchasing an additional 786 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.