Invesco DB Base Metals Fund (NYSEARCA:DBB) Stock Short Interest Declines 50.2%

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 36,814 shares, a decline of 50.2% from the August 31st total of 73,985 shares. Based on an average daily volume of 225,746 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Invesco DB Base Metals Fund Trading Down 0.1%

Shares of Invesco DB Base Metals Fund stock traded down $0.03 during mid-day trading on Tuesday, reaching $25.48. 25,951 shares of the stock were exchanged, compared to its average volume of 369,510. Invesco DB Base Metals Fund has a fifty-two week low of $20.43 and a fifty-two week high of $26.71. The company has a market cap of $368.11 million, a price-to-earnings ratio of 3.20 and a beta of 0.53. The firm has a 50-day simple moving average of $25.43 and a 200 day simple moving average of $24.98.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in Invesco DB Base Metals Fund during the 1st quarter valued at $35,000. OneAscent Financial Services LLC acquired a new stake in shares of Invesco DB Base Metals Fund in the fourth quarter valued at $493,000. Cetera Investment Advisers raised its holdings in shares of Invesco DB Base Metals Fund by 6.6% in the first quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock valued at $795,000 after buying an additional 2,098 shares during the last quarter. Park Edge Advisors LLC acquired a new position in Invesco DB Base Metals Fund during the 1st quarter worth about $808,000. Finally, Camelot Technology Advisors Inc. lifted its position in Invesco DB Base Metals Fund by 17.3% during the 2nd quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock worth $841,000 after buying an additional 5,150 shares in the last quarter. Institutional investors own 40.73% of the company’s stock.

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.