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

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 133,178 shares, a growth of 146.7% from the March 31st total of 53,973 shares. Based on an average daily volume of 445,122 shares, the short-interest ratio is presently 0.3 days. Currently, 1.0% of the company’s stock are short sold.

Invesco DB Base Metals Fund Stock Down 0.4%

Shares of DBB stock traded down $0.10 during trading on Monday, reaching $25.09. The company’s stock had a trading volume of 368,162 shares, compared to its average volume of 472,287. Invesco DB Base Metals Fund has a one year low of $17.78 and a one year high of $26.02. The business has a fifty day moving average price of $23.96 and a 200-day moving average price of $23.05. The company has a market cap of $347.50 million, a price-to-earnings ratio of 3.20 and a beta of 0.53.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

A number of large investors have recently modified their holdings of the business. MAI Capital Management bought a new position in shares of Invesco DB Base Metals Fund in the 3rd quarter valued at about $31,000. Raymond James Financial Inc. bought a new stake in Invesco DB Base Metals Fund during the second quarter worth about $62,000. Aptus Capital Advisors LLC acquired a new position in Invesco DB Base Metals Fund during the fourth quarter valued at approximately $93,000. Kestra Advisory Services LLC acquired a new position in Invesco DB Base Metals Fund during the fourth quarter valued at approximately $103,000. Finally, Ancora Advisors LLC grew its stake in Invesco DB Base Metals Fund by 100.0% in the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after purchasing an additional 2,600 shares in the last quarter. 40.73% of the stock is currently owned by institutional investors and hedge funds.

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.