Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Up 153.6% in August

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 73,985 shares, a growth of 153.6% from the August 15th total of 29,177 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 199,811 shares, the days-to-cover ratio is presently 0.4 days.

Invesco DB Base Metals Fund Price Performance

NYSEARCA:DBB traded down $0.33 during midday trading on Monday, hitting $25.08. The company’s stock had a trading volume of 132,834 shares, compared to its average volume of 378,906. Invesco DB Base Metals Fund has a fifty-two week low of $19.95 and a fifty-two week high of $26.71. The firm’s 50 day moving average is $25.16 and its 200-day moving average is $24.86. The firm has a market cap of $362.35 million, a P/E ratio of 3.20 and a beta of 0.53.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several large investors have recently made changes to their positions in the company. LPL Financial LLC boosted its position in Invesco DB Base Metals Fund by 22.5% during the fourth quarter. LPL Financial LLC now owns 121,968 shares of the company’s stock worth $2,798,000 after purchasing an additional 22,364 shares in the last quarter. Bank of America Corp DE grew its holdings in Invesco DB Base Metals Fund by 11.7% in the second quarter. Bank of America Corp DE now owns 140,274 shares of the company’s stock valued at $2,717,000 after purchasing an additional 14,684 shares during the period. Royal Bank of Canada increased its position in shares of Invesco DB Base Metals Fund by 114.6% in the first quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock valued at $1,664,000 after buying an additional 46,328 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Invesco DB Base Metals Fund by 19.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 45,490 shares of the company’s stock valued at $1,044,000 after buying an additional 7,310 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Invesco DB Base Metals Fund by 14.3% during the 3rd quarter. Susquehanna International Group LLP now owns 22,866 shares of the company’s stock worth $470,000 after buying an additional 2,866 shares during the period. 40.73% of the stock is currently owned by institutional investors and hedge funds.

Invesco DB Base Metals Fund Company Profile

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.