Short Interest in Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Drops By 21.7%

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 4,700 shares, a drop of 21.7% from the May 31st total of 6,000 shares. Based on an average daily trading volume, of 16,700 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Agriculture Commodity Strategy No K-1 ETF Stock Up 0.6 %

Shares of NASDAQ:PDBA traded up $0.20 during trading on Friday, hitting $34.40. The stock had a trading volume of 2,261 shares, compared to its average volume of 12,876. Invesco Agriculture Commodity Strategy No K-1 ETF has a 12 month low of $29.41 and a 12 month high of $38.41. The firm’s fifty day moving average is $35.75 and its 200 day moving average is $33.57.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Capital Wealth Alliance LLC bought a new position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF in the 1st quarter worth approximately $1,586,000. VisionPoint Advisory Group LLC bought a new position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF in the 4th quarter worth approximately $129,000. NewSquare Capital LLC increased its position in Invesco Agriculture Commodity Strategy No K-1 ETF by 22.7% during the 4th quarter. NewSquare Capital LLC now owns 3,000 shares of the company’s stock valued at $90,000 after buying an additional 555 shares in the last quarter. Nilsine Partners LLC bought a new position in Invesco Agriculture Commodity Strategy No K-1 ETF during the 4th quarter valued at approximately $5,181,000. Finally, Private Wealth Advisors LLC bought a new position in Invesco Agriculture Commodity Strategy No K-1 ETF during the 4th quarter valued at approximately $9,121,000.

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.