Invesco DB Precious Metals Fund (NYSEARCA:DBP) Sees Large Growth in Short Interest

Invesco DB Precious Metals Fund (NYSEARCA:DBP) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 28,262 shares, a growth of 257.1% from the September 15th total of 7,915 shares. Based on an average trading volume of 16,571 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.1% of the company’s shares are sold short.

Invesco DB Precious Metals Fund Price Performance

Invesco DB Precious Metals Fund stock traded up $1.79 during mid-day trading on Friday, reaching $96.14. 3,984 shares of the company traded hands, compared to its average volume of 17,751. The firm’s 50 day moving average price is $100.02 and its 200 day moving average price is $101.99. The firm has a market capitalization of $249.96 million, a price-to-earnings ratio of 8.02 and a beta of 0.23. Invesco DB Precious Metals Fund has a 52-week low of $90.01 and a 52-week high of $140.76.

Institutional Trading of Invesco DB Precious Metals Fund

Several institutional investors and hedge funds have recently bought and sold shares of DBP. Financial Network Wealth Advisors LLC grew its holdings in shares of Invesco DB Precious Metals Fund by 147.6% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 307 shares of the company’s stock worth $32,000 after acquiring an additional 183 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Invesco DB Precious Metals Fund by 317.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,548 shares of the company’s stock worth $262,000 after acquiring an additional 1,937 shares in the last quarter. Retirement Planning Group LLC purchased a new position in shares of Invesco DB Precious Metals Fund in the 1st quarter valued at approximately $330,000. Gibbs Wealth Management lifted its stake in shares of Invesco DB Precious Metals Fund by 52.8% in the 1st quarter. Gibbs Wealth Management now owns 4,944 shares of the company’s stock valued at $544,000 after purchasing an additional 1,709 shares during the period. Finally, Gateway Wealth Partners LLC boosted its position in shares of Invesco DB Precious Metals Fund by 103.5% during the first quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock valued at $708,000 after purchasing an additional 3,271 shares in the last quarter.

Key Stories Impacting Invesco DB Precious Metals Fund

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

• Positive Sentiment: Gold rose more than 1% as U.S. consumer sentiment weakened, potentially reinforcing expectations for lower interest rates. Softer rates reduce the opportunity cost of holding non-yielding precious metals. Gold Rises Over 1%; US Consumer Sentiment Falls
• Positive Sentiment: Gold moved above $4,184, while softer yields and record exchange-traded-fund inflows supported the recovery. Silver also reclaimed $59.96, offering an additional tailwind for DBP’s precious-metals exposure. Gold and Silver Price Forecast
• Positive Sentiment: Potential continued gold purchases by the People’s Bank of China could provide fundamental support for bullion demand. Gold Rises, Supported by Potential China Demand
• Positive Sentiment: Technical analysts see a possible bullish wedge or double-bottom formation. A break above roughly $4,226 could signal a broader reversal, with higher upside targets. Gold Price Forecast: $4,226 Breakout
• Neutral Sentiment: Gold’s rebound remains dependent on support near $4,100-$4,103 and its ability to clear nearby resistance. Failure to hold support could quickly pressure DBP. Gold Support Forecast
• Negative Sentiment: Fed minutes and still-elevated yields have kept the possibility of a December rate hike alive. Higher rates and a stronger dollar weigh on non-yielding gold and silver. Gold and Silver Forecast
• Negative Sentiment: DBP short interest increased 257.1% between September 15 and September 30, reaching 28,262 shares. Although short interest equals only about 1.1% of shares outstanding, the increase signals growing bearish positioning and could add volatility.

About Invesco DB Precious Metals Fund

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.