Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Short Interest Down 41.7% in June

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 644,994 shares, a decrease of 41.7% from the June 15th total of 1,105,748 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 5,885,468 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Several large investors have recently made changes to their positions in the business. Morgan Stanley increased its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% in the 4th quarter. Morgan Stanley now owns 19,076,997 shares of the exchange traded fund’s stock worth $252,770,000 after buying an additional 784,292 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,788,312 shares of the exchange traded fund’s stock valued at $116,450,000 after acquiring an additional 513,683 shares during the period. SigFig Wealth Management LLC boosted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% in the fourth quarter. SigFig Wealth Management LLC now owns 7,636,200 shares of the exchange traded fund’s stock valued at $101,179,000 after acquiring an additional 183,037 shares during the period. Bank of America Corp DE grew 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,011 shares of the exchange traded fund’s stock worth $41,711,000 after acquiring an additional 77,195 shares during the last quarter.

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

PDBC traded up $0.29 during trading on Friday, hitting $17.25. The stock had a trading volume of 64,653,906 shares, compared to its average volume of 8,469,952. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $12.87 and a 12 month high of $18.95. The company has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $16.23.

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.