Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Up 79.3% in July

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large 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. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 172,463 shares, the short-interest ratio is presently 0.7 days.

Invesco DB Base Metals Fund Stock Up 0.1%

Shares of NYSEARCA DBB traded up $0.02 during mid-day trading on Monday, reaching $25.44. 87,817 shares of the company were exchanged, compared to its average volume of 399,269. Invesco DB Base Metals Fund has a 1 year low of $19.30 and a 1 year high of $26.71. The firm has a 50-day moving average of $24.86 and a 200 day moving average of $24.62. The stock has a market cap of $367.61 million, a price-to-earnings ratio of 3.20 and a beta of 0.53.

Institutional Trading of Invesco DB Base Metals Fund

Several hedge funds have recently modified their holdings of DBB. Fifth Third Bancorp purchased a new position in shares of Invesco DB Base Metals Fund in the 1st quarter worth approximately $35,000. Raymond James Financial Inc. purchased a new stake in Invesco DB Base Metals Fund during the second quarter valued at approximately $62,000. Aptus Capital Advisors LLC purchased a new stake in Invesco DB Base Metals Fund during the fourth quarter valued at approximately $93,000. Kestra Advisory Services LLC acquired a new stake in Invesco DB Base Metals Fund in the fourth quarter valued at approximately $103,000. Finally, Ancora Advisors LLC boosted its stake in Invesco DB Base Metals Fund by 100.0% in the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after acquiring an additional 2,600 shares in the last quarter. 40.73% of the stock is owned by hedge funds and other institutional investors.

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.