Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Down 47.4% in May

Invesco DB Precious Metals Fund (NYSEARCA:DBP) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 22,630 shares, a decrease of 47.4% from the May 14th total of 43,008 shares. Based on an average daily trading volume, of 11,534 shares, the short-interest ratio is currently 2.0 days. Approximately 0.9% of the company’s shares are sold short.

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 and silver are rebounding from key support levels, with traders buying dips and gold showing early signs of a potential bottom. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Positive Sentiment: Geopolitical uncertainty remains supportive for precious metals, and CME’s plan for 24/7 gold trading highlights persistent demand for the asset class. CME to offer 24/7 gold and oil trading
• Positive Sentiment: Middle East tensions and safe-haven buying continue to support gold prices, helping offset some of the recent weakness. Gold Price Analysis – Gold Jumps at Open on Friday
• Neutral Sentiment: Better U.S. consumer sentiment and easing inflation expectations are keeping gold relatively steady, but the data is not strong enough to clearly change the broader trend. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
• Neutral Sentiment: Some analysts say gold is stabilizing near long-term support, but others warn that the metal still faces overhead resistance and may remain range-bound for now. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Negative Sentiment: Rising Fed hike bets, hotter inflation data, and a bearish technical setup such as a possible “death cross” are weighing on gold and could pressure DBP if bullion resumes its downtrend. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise
• Negative Sentiment: Gold recently hit a six-month low as traders priced in higher-for-longer interest rates, a major headwind for precious-metals funds. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

Invesco DB Precious Metals Fund Price Performance

DBP stock traded up $0.09 during trading on Friday, reaching $98.88. The company had a trading volume of 6,100 shares, compared to its average volume of 19,543. Invesco DB Precious Metals Fund has a 52 week low of $74.07 and a 52 week high of $140.76. The company has a market cap of $252.14 million, a P/E ratio of 8.02 and a beta of 0.19. The business has a 50 day moving average of $108.67 and a 200 day moving average of $110.78.

Hedge Funds Weigh In On Invesco DB Precious Metals Fund

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Invesco DB Precious Metals Fund by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 242,369 shares of the company’s stock worth $24,918,000 after buying an additional 7,238 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Invesco DB Precious Metals Fund by 2.6% during the fourth quarter. Osaic Holdings Inc. now owns 145,946 shares of the company’s stock valued at $15,005,000 after purchasing an additional 3,639 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Invesco DB Precious Metals Fund by 4.0% during the first quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock valued at $15,311,000 after purchasing an additional 5,396 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Invesco DB Precious Metals Fund by 201.7% during the first quarter. Jane Street Group LLC now owns 111,626 shares of the company’s stock valued at $7,976,000 after buying an additional 74,630 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Invesco DB Precious Metals Fund by 16.0% during the third quarter. Envestnet Asset Management Inc. now owns 81,705 shares of the company’s stock valued at $7,266,000 after buying an additional 11,250 shares during the last quarter.

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.