Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Down 87.8% in May

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 112,850 shares, a decline of 87.8% from the May 14th total of 927,823 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 464,153 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DBB. The Manufacturers Life Insurance Company raised its position in Invesco DB Base Metals Fund by 1,518.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock valued at $6,497,000 after purchasing an additional 314,708 shares in the last quarter. Bank of America Corp DE raised its position in shares of Invesco DB Base Metals Fund by 70.7% in the 1st quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock worth $9,007,000 after acquiring an additional 158,721 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Invesco DB Base Metals Fund by 49.8% in the 4th quarter. Wells Fargo & Company MN now owns 440,486 shares of the company’s stock worth $10,105,000 after acquiring an additional 146,416 shares in the last quarter. Leo Wealth LLC bought a new position in shares of Invesco DB Base Metals Fund in the 4th quarter worth $1,364,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Invesco DB Base Metals Fund in the 1st quarter worth $1,207,000. 40.73% of the stock is owned by institutional investors.

Invesco DB Base Metals Fund Stock Performance

NYSEARCA DBB traded down $0.25 on Tuesday, reaching $25.42. 1,001,486 shares of the stock traded hands, compared to its average volume of 468,223. The company has a fifty day moving average price of $25.10 and a 200-day moving average price of $23.91. The company has a market cap of $315.21 million, a price-to-earnings ratio of 3.20 and a beta of 0.52. Invesco DB Base Metals Fund has a 12 month low of $17.81 and a 12 month high of $26.71.

Invesco DB Base Metals Fund Company Profile

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.