Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Update

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 422,375 shares, an increase of 274.3% from the May 31st total of 112,850 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average trading volume of 465,621 shares, the short-interest ratio is currently 0.9 days.

Invesco DB Base Metals Fund Stock Up 0.5%

Shares of DBB stock traded up $0.11 during mid-day trading on Friday, reaching $24.27. The stock had a trading volume of 372,703 shares, compared to its average volume of 457,035. The firm’s 50 day simple moving average is $25.41 and its 200 day simple moving average is $24.21. Invesco DB Base Metals Fund has a one year low of $17.81 and a one year high of $26.71. The firm has a market cap of $300.95 million, a PE ratio of 3.20 and a beta of 0.52.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. MAI Capital Management acquired a new stake in Invesco DB Base Metals Fund during the third quarter worth $31,000. Fifth Third Bancorp acquired a new position in shares of Invesco DB Base Metals Fund in the 1st quarter valued at $35,000. Raymond James Financial Inc. acquired a new position in shares of Invesco DB Base Metals Fund in the 2nd quarter valued at $62,000. Aptus Capital Advisors LLC bought a new position in shares of Invesco DB Base Metals Fund during the 4th quarter worth about $93,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Invesco DB Base Metals Fund during the 4th quarter worth about $103,000. 40.73% of the stock is currently owned by institutional investors and hedge funds.

About Invesco DB Base Metals Fund

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.