Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Declines By 20.0%

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 201,451 shares, a decrease of 20.0% from the February 12th total of 251,661 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 223,689 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 223,689 shares, the short-interest ratio is presently 0.9 days. Currently, 1.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

A number of large investors have recently added to or reduced their stakes in DBB. Royal Bank of Canada boosted its holdings in shares of Invesco DB Base Metals Fund by 114.6% in 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 in the last quarter. Jane Street Group LLC grew its position in Invesco DB Base Metals Fund by 73.9% during the first 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 during the last quarter. Cetera Investment Advisers bought a new position in Invesco DB Base Metals Fund during the second quarter valued at approximately $420,000. The Manufacturers Life Insurance Company raised its stake in shares of Invesco DB Base Metals Fund by 1,518.5% during the second quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock worth $6,497,000 after acquiring an additional 314,708 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco DB Base Metals Fund in the 2nd quarter worth approximately $62,000. Hedge funds and other institutional investors own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Trading Down 3.1%

Shares of Invesco DB Base Metals Fund stock traded down $0.76 on Friday, hitting $23.78. 925,869 shares of the company traded hands, compared to its average volume of 466,571. Invesco DB Base Metals Fund has a 12-month low of $17.13 and a 12-month high of $26.02. The company has a market cap of $275.85 million, a P/E ratio of 3.20 and a beta of 0.56. The firm’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $22.25.

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.