Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sees Large Increase in Short Interest

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 2,712,056 shares, a growth of 245.1% from the April 15th total of 785,966 shares. Approximately 4.7% of the shares of the company are short sold. Based on an average daily volume of 1,604,325 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Invesco DB Commodity Index Tracking Fund

Several institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL raised its position in Invesco DB Commodity Index Tracking Fund by 555.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares in the last quarter. Jessup Wealth Management Inc bought a new position in Invesco DB Commodity Index Tracking Fund during the fourth quarter worth about $28,000. Parkside Financial Bank & Trust bought a new position in Invesco DB Commodity Index Tracking Fund during the fourth quarter worth about $46,000. International Assets Investment Management LLC bought a new position in Invesco DB Commodity Index Tracking Fund during the fourth quarter worth about $48,000. Finally, Caitlin John LLC bought a new position in Invesco DB Commodity Index Tracking Fund during the third quarter worth about $53,000. 48.28% of the stock is currently owned by institutional investors and hedge funds.

Invesco DB Commodity Index Tracking Fund Stock Up 0.1%

DBC traded up $0.04 during trading on Friday, reaching $31.19. 832,168 shares of the company’s stock were exchanged, compared to its average volume of 1,396,429. Invesco DB Commodity Index Tracking Fund has a fifty-two week low of $20.78 and a fifty-two week high of $31.72. The business has a 50 day moving average price of $29.25 and a 200 day moving average price of $25.45. The company has a market capitalization of $1.79 billion, a P/E ratio of 5.00 and a beta of 0.10.

Invesco DB Commodity Index Tracking Fund Company Profile

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. Deutsche Bank offers unparalleled financial services in countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people