Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Up 267.6% in January

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 438,036 shares, an increase of 267.6% from the December 31st total of 119,148 shares. Based on an average daily trading volume, of 428,705 shares, the days-to-cover ratio is currently 1.0 days. Currently, 4.2% of the shares of the stock are sold short. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 428,705 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings 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 buying an additional 314,708 shares during the last quarter. Bank of America Corp DE increased its position in Invesco DB Base Metals Fund by 11.7% during the 2nd quarter. Bank of America Corp DE now owns 140,274 shares of the company’s stock worth $2,717,000 after purchasing an additional 14,684 shares in the last quarter. GenTrust LLC raised its stake in Invesco DB Base Metals Fund by 2.3% in the 3rd quarter. GenTrust LLC now owns 131,581 shares of the company’s stock valued at $2,703,000 after purchasing an additional 2,900 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Invesco DB Base Metals Fund by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 86,827 shares of the company’s stock valued at $1,679,000 after purchasing an additional 25,378 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Invesco DB Base Metals Fund by 114.6% during the 1st quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock worth $1,664,000 after purchasing an additional 46,328 shares during the last quarter. Hedge funds and other institutional investors own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Stock Down 4.4%

Shares of Invesco DB Base Metals Fund stock traded down $1.10 on Friday, hitting $24.00. The company’s stock had a trading volume of 884,341 shares, compared to its average volume of 494,347. The company has a market capitalization of $262.80 million, a P/E ratio of 3.20 and a beta of 0.56. Invesco DB Base Metals Fund has a 52-week low of $17.13 and a 52-week high of $26.02. The firm has a fifty day moving average price of $22.96 and a 200-day moving average price of $21.28.

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.