Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Expands By 79.3%

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 127,248 shares, an increase of 79.3% from the July 15th total of 70,953 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 172,463 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in Invesco DB Base Metals Fund during the 1st quarter valued at about $35,000. HighTower Advisors LLC increased its stake in shares of Invesco DB Base Metals Fund by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock worth $5,644,000 after purchasing an additional 2,038 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco DB Base Metals Fund by 6.6% during the 1st quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock worth $795,000 after purchasing an additional 2,098 shares during the last quarter. Ancora Advisors LLC lifted its stake in Invesco DB Base Metals Fund by 100.0% in the 3rd quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after buying an additional 2,600 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its stake in Invesco DB Base Metals Fund by 14.3% in the 3rd quarter. Susquehanna International Group LLP now owns 22,866 shares of the company’s stock valued at $470,000 after buying an additional 2,866 shares in the last quarter. 40.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco DB Base Metals Fund Price Performance

Invesco DB Base Metals Fund stock traded down $0.33 during trading hours on Tuesday, hitting $25.11. The stock had a trading volume of 88,042 shares, compared to its average volume of 396,791. The stock has a market capitalization of $362.84 million, a price-to-earnings ratio of 3.20 and a beta of 0.53. Invesco DB Base Metals Fund has a 1-year low of $19.30 and a 1-year high of $26.71. The stock’s fifty day moving average is $24.85 and its two-hundred day moving average is $24.63.

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.