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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 645,448 shares, a drop of 74.3% from the May 14th total of 2,507,368 shares. Based on an average daily volume of 6,025,507 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Pacifica Partners Inc. purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth $26,000. Tucker Asset Management LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth $31,000. International Assets Investment Management LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth $34,000. Ascentis Independent Advisors purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter worth $34,000. Finally, CENTRAL TRUST Co purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the third quarter worth $43,000.

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

Shares of NASDAQ PDBC traded down $0.19 during mid-day trading on Thursday, hitting $17.24. 5,389,677 shares of the company were exchanged, compared to its average volume of 8,434,107. The stock has a 50 day simple moving average of $17.83 and a 200-day simple moving average of $15.71. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1-year low of $12.87 and a 1-year high of $18.95.

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.