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

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 135,438 shares, a drop of 67.9% from the June 15th total of 422,375 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 315,570 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in Invesco DB Base Metals Fund during the 1st quarter worth $35,000. Raymond James Financial Inc. bought a new stake in shares of Invesco DB Base Metals Fund during the second quarter worth $62,000. Aptus Capital Advisors LLC bought a new stake in shares of Invesco DB Base Metals Fund during the fourth quarter worth $93,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco DB Base Metals Fund during the fourth quarter valued at $103,000. Finally, Ancora Advisors LLC lifted its stake in shares of Invesco DB Base Metals Fund by 100.0% during the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after acquiring an additional 2,600 shares during the period. Institutional investors own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Stock Performance

Shares of NYSEARCA DBB traded up $0.14 during trading on Tuesday, reaching $24.62. The company had a trading volume of 191,702 shares, compared to its average volume of 443,505. Invesco DB Base Metals Fund has a 52 week low of $17.81 and a 52 week high of $26.71. The stock has a market cap of $305.29 million, a PE ratio of 3.20 and a beta of 0.53. The business’s 50 day moving average price is $25.22 and its 200-day moving average price is $24.39.

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.