Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Shares Shorted: Short Interest Down 58.4% in October

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 29,128 shares, a decline of 58.4% from the September 30th total of 70,092 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 83,574 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ascent Group LLC acquired a new stake in Invesco Agriculture Commodity Strategy No K-1 ETF in the third quarter valued at $349,000. D.A. Davidson & CO. acquired a new stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF in the third quarter valued at approximately $1,801,000. Beaumont Financial Advisors LLC purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF during the third quarter worth $305,000. Briaud Financial Planning Inc raised its stake in Invesco Agriculture Commodity Strategy No K-1 ETF by 1.9% in the 3rd quarter. Briaud Financial Planning Inc now owns 633,415 shares of the company’s stock valued at $23,791,000 after purchasing an additional 11,582 shares during the last quarter. Finally, Legacy Wealth Partners LLC purchased a new position in shares of Invesco Agriculture Commodity Strategy No K-1 ETF during the third quarter valued at approximately $2,708,000.

Invesco Agriculture Commodity Strategy No K-1 ETF Stock Down 0.8%

Shares of NASDAQ PDBA traded down $0.28 during midday trading on Friday, reaching $35.94. 405,751 shares of the stock were exchanged, compared to its average volume of 241,733. 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 company has a 50 day simple moving average of $37.96 and a 200 day simple moving average of $36.47.

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.