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

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 36,814 shares, a decrease of 50.2% from the August 31st total of 73,985 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 225,746 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new stake in Invesco DB Base Metals Fund in the first quarter worth about $35,000. Cetera Investment Advisers increased its stake in Invesco DB Base Metals Fund by 6.6% during the 1st quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock valued at $795,000 after buying an additional 2,098 shares during the period. Camelot Technology Advisors Inc. raised its position in shares of Invesco DB Base Metals Fund by 17.3% during the 2nd quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock worth $841,000 after buying an additional 5,150 shares in the last quarter. Royal Bank of Canada raised its position in shares of Invesco DB Base Metals Fund by 68.1% during the 1st quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock worth $860,000 after buying an additional 14,833 shares in the last quarter. Finally, Solstein Capital LLC lifted its stake in shares of Invesco DB Base Metals Fund by 26.5% in the 4th quarter. Solstein Capital LLC now owns 96,480 shares of the company’s stock worth $2,213,000 after acquiring an additional 20,187 shares during the period. 40.73% of the stock is owned by institutional investors and hedge funds.

Invesco DB Base Metals Fund Stock Down 1.2%

Shares of Invesco DB Base Metals Fund stock traded down $0.29 during trading hours on Thursday, hitting $25.00. 187,220 shares of the company’s stock traded hands, compared to its average volume of 369,150. Invesco DB Base Metals Fund has a twelve month low of $20.66 and a twelve month high of $26.71. The company has a market cap of $361.32 million, a PE ratio of 3.20 and a beta of 0.54. The stock has a 50 day simple moving average of $25.45 and a 200-day simple moving average of $24.99.

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.