Invesco DB Precious Metals Fund (NYSEARCA:DBP) Sees Large Increase in Short Interest

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 62,978 shares, a growth of 178.3% from the May 31st total of 22,630 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily volume of 15,684 shares, the short-interest ratio is currently 4.0 days.

Trending Headlines about Invesco DB Precious Metals Fund

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

• Positive Sentiment: Gold and other precious metals bounced from the important $4,000 area, helped by falling Treasury yields and a softer U.S. dollar, which can support DBP. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Recent U.S. data showed easing inflation expectations and a weaker consumer-sentiment reading, which lifted gold to session highs near $4,080/oz and may help sentiment for precious-metals funds. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Positive Sentiment: Gold found support after PCE inflation data, suggesting buyers are still willing to defend lower levels, which could stabilize DBP if the bounce holds. Gold and Silver Price Forecast: PCE Data Triggers Rebound from Support
• Neutral Sentiment: Gold has been attempting to rebound from the $4,000 region, but the move is still fragile and depends on whether that level can hold as support. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Neutral Sentiment: Invesco DB Precious Metals Fund also disclosed a sharp increase in short interest in June, which signals rising bearish bets but is not by itself a direct fundamental catalyst.
• Negative Sentiment: Multiple technical reports say gold broke key trendline support and remains in a bearish structure, pointing to deeper downside risk for precious-metals exposure like DBP. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Gold also weakened earlier in the week, with analysts noting that the metal has repeatedly fallen below $4,000 and could have further to drop if risk aversion continues. Gold Declines; Prices Could Have Further to Fall

Invesco DB Precious Metals Fund Stock Up 1.1%

NYSEARCA DBP traded up $1.06 on Friday, reaching $93.50. The company had a trading volume of 42,546 shares, compared to its average volume of 18,971. The stock has a market capitalization of $238.43 million, a P/E ratio of 8.02 and a beta of 0.19. The company’s fifty day moving average is $105.76 and its 200 day moving average is $110.74. Invesco DB Precious Metals Fund has a 52-week low of $74.07 and a 52-week high of $140.76.

Institutional Trading of Invesco DB Precious Metals Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates boosted its holdings in Invesco DB Precious Metals Fund by 101.4% during the first quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock worth $8,383,000 after purchasing an additional 38,349 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in Invesco DB Precious Metals Fund in the 1st quarter valued at about $330,000. Rockefeller Capital Management L.P. increased its stake in Invesco DB Precious Metals Fund by 317.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,548 shares of the company’s stock valued at $262,000 after buying an additional 1,937 shares during the last quarter. Financial Network Wealth Advisors LLC lifted its position in shares of Invesco DB Precious Metals Fund by 147.6% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 307 shares of the company’s stock worth $32,000 after buying an additional 183 shares in the last quarter. Finally, Artesa Financial Group LLC bought a new position in shares of Invesco DB Precious Metals Fund during the 4th quarter worth approximately $686,000.

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.