Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Update

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 22,630 shares, a drop of 47.4% from the May 14th total of 43,008 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 11,534 shares, the days-to-cover ratio is presently 2.0 days.

Invesco DB Precious Metals Fund Stock Up 2.7%

NYSEARCA:DBP traded up $2.71 during mid-day trading on Monday, reaching $101.59. 7,822 shares of the stock were exchanged, compared to its average volume of 19,439. The company has a 50 day simple moving average of $108.51 and a 200-day simple moving average of $110.94. The stock has a market capitalization of $259.05 million, a P/E ratio of 8.02 and a beta of 0.19. Invesco DB Precious Metals Fund has a 1 year low of $74.07 and a 1 year high of $140.76.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of Invesco DB Precious Metals Fund by 44.1% in the first quarter. Royal Bank of Canada now owns 9,878 shares of the company’s stock valued at $1,087,000 after purchasing an additional 3,025 shares during the period. The Manufacturers Life Insurance Company increased its stake in Invesco DB Precious Metals Fund by 4.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock valued at $15,311,000 after buying an additional 5,396 shares during the period. Gateway Wealth Partners LLC increased its stake in Invesco DB Precious Metals Fund by 103.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock valued at $708,000 after buying an additional 3,271 shares during the period. Gibbs Wealth Management lifted its holdings in shares of Invesco DB Precious Metals Fund by 52.8% in the 1st quarter. Gibbs Wealth Management now owns 4,944 shares of the company’s stock valued at $544,000 after buying an additional 1,709 shares during the period. Finally, Dorsey Wright & Associates lifted its holdings in shares of Invesco DB Precious Metals Fund by 101.4% in the 1st quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock valued at $8,383,000 after buying an additional 38,349 shares during the period.

Invesco DB Precious Metals Fund Company Profile

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.