PDBC Stock Summary and Trading Ideas (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | NASDAQ:PDBC)

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in commodity-linked futures and other financial instruments that provide economic exposure to a diverse group of the worlds most heavily traded commodities. The Fund seeks to provide long-term capital appreciation using an investment strategy designed to exceed the performance of DBIQ Optimum Yield Diversified Commodity Index Excess Return, (DBIQ Opt Yield Diversified Comm Index ER) (Benchmark), an index composed of futures contracts on 14 heavily traded commodities across the energy, precious metals, industrial metals and agriculture sectors.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF trades on the NASDAQ stock market under the symbol PDBC.

As of September 10, 2024, PDBC stock price declined to $12.67 with 3,295,082 million shares trading.

PDBC has a beta of 0.16, meaning it tends to be less sensitive to market movements. PDBC has a correlation of 0.02 to the broad based SPY ETF.

PDBC has a market cap of $4.18 billion. This is considered a Mid Cap stock.

In the last 3 years, PDBC stock traded as high as $22.73 and as low as $12.60.

PDBC has underperformed the market in the last year with a price return of -12.0% while the SPY ETF gained +24.7%. PDBC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.9% and -6.6%, respectively, while the SPY returned +3.1% and -2.1%, respectively.

PDBC support price is $12.74 and resistance is $13.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PDBC stock will trade within this expected range on the day.