Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Short Interest Up 96.5% in March

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 28,100 shares, a growth of 96.5% from the February 28th total of 14,300 shares. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.2% of the company’s stock are short sold.

Invesco Agriculture Commodity Strategy No K-1 ETF Price Performance

NASDAQ PDBA traded up $0.03 during trading hours on Friday, hitting $35.28. The company’s stock had a trading volume of 2,607 shares, compared to its average volume of 19,721. Invesco Agriculture Commodity Strategy No K-1 ETF has a 12 month low of $33.07 and a 12 month high of $40.42. The company’s 50 day simple moving average is $36.16 and its two-hundred day simple moving average is $36.76.

Institutional Investors Weigh In On Invesco Agriculture Commodity Strategy No K-1 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Wealth Alliance LLC boosted its holdings in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 42.7% in the fourth quarter. Capital Wealth Alliance LLC now owns 86,491 shares of the company’s stock worth $3,063,000 after buying an additional 25,874 shares during the last quarter. Jane Street Group LLC raised its holdings in Invesco Agriculture Commodity Strategy No K-1 ETF by 171.9% in the 4th quarter. Jane Street Group LLC now owns 70,031 shares of the company’s stock worth $2,480,000 after purchasing an additional 44,274 shares during the period. GTS Securities LLC purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF during the fourth quarter valued at $559,000. Leavell Investment Management Inc. grew its holdings in Invesco Agriculture Commodity Strategy No K-1 ETF by 28.9% during the fourth quarter. Leavell Investment Management Inc. now owns 11,409 shares of the company’s stock valued at $404,000 after purchasing an additional 2,557 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Invesco Agriculture Commodity Strategy No K-1 ETF in the fourth quarter worth about $328,000.

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.