Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Update

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 29,177 shares, a decline of 77.1% from the July 30th total of 127,248 shares. Based on an average daily volume of 139,181 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Invesco DB Base Metals Fund by 114.6% during the first quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock valued at $1,664,000 after acquiring an additional 46,328 shares in the last quarter. Jane Street Group LLC grew its position in Invesco DB Base Metals Fund by 73.9% in the first quarter. Jane Street Group LLC now owns 53,307 shares of the company’s stock worth $1,023,000 after acquiring an additional 22,658 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Invesco DB Base Metals Fund during the 2nd quarter worth $420,000. The Manufacturers Life Insurance Company increased its stake in shares of Invesco DB Base Metals Fund by 1,518.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock worth $6,497,000 after purchasing an additional 314,708 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco DB Base Metals Fund during the 2nd quarter valued at $62,000. Institutional investors and hedge funds own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Price Performance

Shares of DBB stock opened at $25.48 on Friday. Invesco DB Base Metals Fund has a fifty-two week low of $19.67 and a fifty-two week high of $26.71. The stock’s 50-day moving average is $24.86 and its two-hundred day moving average is $24.71. The firm has a market cap of $368.19 million, a P/E ratio of 3.20 and a beta of 0.53.

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.