Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Down 77.1% in August

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 29,177 shares, a decrease of 77.1% from the July 30th total of 127,248 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 139,181 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in DBB. Fifth Third Bancorp acquired a new stake in shares of Invesco DB Base Metals Fund during the 1st quarter worth approximately $35,000. HighTower Advisors LLC lifted its stake in Invesco DB Base Metals Fund by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock worth $5,644,000 after acquiring an additional 2,038 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Invesco DB Base Metals Fund by 6.6% during the first quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock worth $795,000 after buying an additional 2,098 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of Invesco DB Base Metals Fund by 100.0% in the 3rd quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after buying an additional 2,600 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Invesco DB Base Metals Fund by 14.3% in the third quarter. Susquehanna International Group LLP now owns 22,866 shares of the company’s stock valued at $470,000 after purchasing an additional 2,866 shares during the period. 40.73% of the stock is owned by institutional investors and hedge funds.

Invesco DB Base Metals Fund Trading Up 0.1%

Shares of NYSEARCA:DBB traded up $0.03 during trading on Thursday, reaching $25.56. 78,725 shares of the stock were exchanged, compared to its average volume of 391,231. The stock has a 50-day moving average price of $24.85 and a 200-day moving average price of $24.69. Invesco DB Base Metals Fund has a 12 month low of $19.53 and a 12 month high of $26.71. The firm has a market cap of $369.34 million, a PE ratio of 3.20 and a beta of 0.53.

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.