Invesco DB Base Metals Fund (NYSEARCA:DBB) Sees Large Decline in Short Interest

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 349,670 shares, a decline of 20.2% from the January 15th total of 438,036 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 560,115 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 560,115 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.0% of the company’s stock are sold short.

Invesco DB Base Metals Fund Trading Down 0.0%

Shares of Invesco DB Base Metals Fund stock opened at $23.58 on Friday. Invesco DB Base Metals Fund has a twelve month low of $17.13 and a twelve month high of $26.02. The business’s 50 day simple moving average is $23.39 and its 200-day simple moving average is $21.62. The stock has a market capitalization of $273.53 million, a price-to-earnings ratio of 3.20 and a beta of 0.56.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in Invesco DB Base Metals Fund by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock valued at $5,644,000 after buying an additional 2,038 shares during the last quarter. Leo Wealth LLC acquired a new stake in shares of Invesco DB Base Metals Fund during the 4th quarter valued at about $1,364,000. Cooper Investors PTY Ltd. bought a new stake in shares of Invesco DB Base Metals Fund in the 4th quarter valued at approximately $213,000. Modern Wealth Management LLC raised its stake in Invesco DB Base Metals Fund by 4.1% during the third quarter. Modern Wealth Management LLC now owns 63,340 shares of the company’s stock worth $1,301,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Solstein Capital LLC lifted its holdings in Invesco DB Base Metals Fund by 74.1% during the 3rd quarter. Solstein Capital LLC now owns 76,293 shares of the company’s stock valued at $1,567,000 after purchasing an additional 32,466 shares during the last quarter. 40.73% of the stock is owned by institutional investors and hedge funds.

About Invesco DB Base Metals Fund

PowerShares DB Base Metals Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust), a Delaware statutory trust organized in seven separate series. The Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Industrial Metals Index Excess Return (the Index) over time, plus the excess, if any, of the Fund’s interest income from its holdings of United States Treasury Obligations and other high credit quality short-term fixed income securities over the expenses of the Fund.