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

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 70,953 shares, a drop of 47.6% from the June 30th total of 135,438 shares. Based on an average trading volume of 285,617 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DBB. Royal Bank of Canada increased its position in shares of 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 lifted its position in Invesco DB Base Metals Fund by 73.9% in the 1st quarter. Jane Street Group LLC now owns 53,307 shares of the company’s stock valued at $1,023,000 after acquiring an additional 22,658 shares in the last quarter. Cetera Investment Advisers bought a new position in Invesco DB Base Metals Fund in the 2nd quarter valued at approximately $420,000. The Manufacturers Life Insurance Company boosted its stake in 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 valued at $6,497,000 after purchasing an additional 314,708 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Invesco DB Base Metals Fund during the 2nd quarter valued at $62,000. Institutional investors own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Price Performance

Invesco DB Base Metals Fund stock traded up $0.33 during mid-day trading on Thursday, reaching $25.04. The stock had a trading volume of 311,952 shares, compared to its average volume of 421,706. Invesco DB Base Metals Fund has a one year low of $19.03 and a one year high of $26.71. The company has a 50-day moving average price of $24.99 and a two-hundred day moving average price of $24.51. The company has a market capitalization of $310.50 million, a price-to-earnings ratio of 3.20 and a beta of 0.53.

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.