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

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 35,260 shares, a decline of 44.0% from the June 15th total of 62,978 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 11,657 shares, the short-interest ratio is presently 3.0 days.

Invesco DB Precious Metals Fund Stock Down 2.2%

NYSEARCA DBP traded down $2.04 during trading hours on Thursday, hitting $91.00. 6,024 shares of the stock were exchanged, compared to its average volume of 20,990. The company has a market cap of $232.05 million, a price-to-earnings ratio of 8.02 and a beta of 0.23. Invesco DB Precious Metals Fund has a 12-month low of $74.64 and a 12-month high of $140.76. The stock has a 50-day moving average of $100.95 and a 200 day moving average of $109.78.

Invesco DB Precious Metals Fund News Roundup

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

• Positive Sentiment: Some analysts remain constructive on the longer-term gold trend, arguing that the recent pullback may be a correction within an ongoing bull market, and Fidelity’s Ian Samson said his firm plans to move overweight gold again when conditions improve. Gold’s Pullback Doesn’t Mean the Bull Market Is Over ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027
• Neutral Sentiment: China’s growing AI and clean-energy investment could support platinum demand over time, which may help the fund’s precious-metals basket if that thesis gains traction. China’s AI ambitions could make platinum the next strategic precious metal after gold – WPIC
• Negative Sentiment: Gold has fallen as stronger-than-expected U.S. economic data reduced safe-haven demand and supported expectations that rates could stay elevated, pressuring non-yielding assets like gold. Spot gold slides to session low $3.999/oz after Philly Fed survey rises to 41.4 in July Spot gold trades near session lows after U.S. weekly jobless claims drop to 208k Gold Edges Lower on Stabilizing Dollar, Rate-Hike Expectations
• Negative Sentiment: Technical commentary shows gold rejecting resistance and threatening key support levels around $4,000, raising the risk of a deeper pullback if buyers do not step in soon. Gold (XAU/USD) Price Forecast: Will Gold Break Below Major Support Levels? Disappointing U.S. pending home sales unable push gold prices higher

Hedge Funds Weigh In On Invesco DB Precious Metals Fund

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of Invesco DB Precious Metals Fund by 44.1% in the 1st quarter. Royal Bank of Canada now owns 9,878 shares of the company’s stock valued at $1,087,000 after buying an additional 3,025 shares during the period. The Manufacturers Life Insurance Company grew its holdings in 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 worth $15,311,000 after acquiring an additional 5,396 shares during the period. Gateway Wealth Partners LLC grew its holdings in Invesco DB Precious Metals Fund by 103.5% during the first quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock worth $708,000 after acquiring an additional 3,271 shares during the period. Gibbs Wealth Management raised its position in Invesco DB Precious Metals Fund by 52.8% in the first quarter. Gibbs Wealth Management now owns 4,944 shares of the company’s stock worth $544,000 after acquiring an additional 1,709 shares in the last quarter. Finally, Dorsey Wright & Associates raised its position in Invesco DB Precious Metals Fund by 101.4% in the first quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock worth $8,383,000 after acquiring an additional 38,349 shares in the last quarter.

About Invesco DB Precious Metals Fund

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.