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

Invesco DB Precious Metals Fund (NYSEARCA:DBP) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 13,125 shares, a drop of 57.8% from the July 30th total of 31,117 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 12,517 shares, the days-to-cover ratio is presently 1.0 days.

Invesco DB Precious Metals Fund Stock Performance

Shares of DBP stock opened at $106.50 on Friday. Invesco DB Precious Metals Fund has a 52 week low of $78.15 and a 52 week high of $140.76. The company has a market capitalization of $276.90 million, a price-to-earnings ratio of 8.02 and a beta of 0.23. The company has a 50-day simple moving average of $96.70 and a 200 day simple moving average of $106.26.

Key Stories Impacting Invesco DB Precious Metals Fund

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

• Positive Sentiment: Gold remains broadly supported above the $4,500 area, while silver is approaching a potential breakout above $72. A sustained move through those levels could improve momentum for DBP. Gold and Silver Price Forecast: Warsh’s Jackson Hole Speech Takes Center Stage
• Positive Sentiment: Gold’s pullback is testing support near its 200-day average around $4,527. Holding that level could preserve the recent bullish reversal and support a move toward $4,774-$4,780. Gold Price Tests $4,527 Support With $4,774 Target in Play
• Positive Sentiment: Continued investor demand for the “dollar debasement” trade is limiting gold’s downside, providing a supportive backdrop for precious-metals funds such as DBP. Gold Rises as Dollar Debasement Trade Attracts Investors
• Neutral Sentiment: Markets are awaiting Fed Chair Kevin Warsh’s Jackson Hole speech for signals on future interest rates. Lower rates would generally support DBP, while a hawkish message could pressure precious metals. Gold Waits on Warsh as Dollar Weakness Stalls
• Neutral Sentiment: Middle East tensions, fiscal concerns, Treasury repurchases and shifting dollar trends are creating competing forces that may keep gold and silver volatile. Sticky PCE Puts Warsh and Fed in Focus
• Negative Sentiment: Sticky and higher-than-expected PCE inflation reduced expectations for a dovish Fed, contributing to gold’s retreat and weighing on the near-term outlook for DBP. Gold is also facing resistance around $4,700. Gold Retreats As Traders Reduce Bets On Dovish Fed

Hedge Funds Weigh In On Invesco DB Precious Metals Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of Invesco DB Precious Metals Fund during the fourth quarter worth approximately $28,000. Financial Network Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 183 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Invesco DB Precious Metals Fund by 42.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 905 shares of the company’s stock valued at $93,000 after purchasing an additional 270 shares during the period. MML Investors Services LLC bought a new stake in Invesco DB Precious Metals Fund in the 4th quarter valued at $225,000. Finally, Rockefeller Capital Management L.P. boosted 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 purchasing an additional 1,937 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.