Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Down 47.6% in July

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 70,953 shares, a drop of 47.6% from the June 30th total of 135,438 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 285,617 shares, the days-to-cover ratio is presently 0.2 days.

Invesco DB Base Metals Fund Stock Performance

NYSEARCA:DBB traded up $0.12 on Wednesday, reaching $24.71. The company’s stock had a trading volume of 257,762 shares, compared to its average volume of 422,474. Invesco DB Base Metals Fund has a 1-year low of $17.81 and a 1-year high of $26.71. The business’s 50-day moving average price is $25.03 and its two-hundred day moving average price is $24.50. The firm has a market cap of $306.40 million, a PE ratio of 3.20 and a beta of 0.53.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several institutional investors and hedge funds have recently modified their holdings of DBB. Camelot Technology Advisors Inc. raised its holdings in Invesco DB Base Metals Fund by 17.3% during the 2nd quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock worth $841,000 after buying an additional 5,150 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco DB Base Metals Fund by 70.7% in the first quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock valued at $9,007,000 after buying an additional 158,721 shares during the period. Royal Bank of Canada increased its position in shares of Invesco DB Base Metals Fund by 68.1% during the first quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock worth $860,000 after acquiring an additional 14,833 shares in the last quarter. Cetera Investment Advisers increased 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 acquiring an additional 2,098 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Invesco DB Base Metals Fund during the first quarter worth $1,207,000. 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.