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

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 422,375 shares, a growth of 274.3% from the May 31st total of 112,850 shares. Based on an average daily volume of 465,621 shares, the short-interest ratio is presently 0.9 days. Approximately 3.4% of the shares of the company are short sold.

Invesco DB Base Metals Fund Trading Down 1.2%

NYSEARCA:DBB traded down $0.30 during mid-day trading on Monday, hitting $23.97. 48,744 shares of the company’s stock traded hands, compared to its average volume of 453,565. The firm has a market capitalization of $297.28 million, a price-to-earnings ratio of 3.20 and a beta of 0.52. The firm has a 50 day moving average of $25.41 and a two-hundred day moving average of $24.23. Invesco DB Base Metals Fund has a 12 month low of $17.81 and a 12 month high of $26.71.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Several hedge funds have recently modified their holdings of DBB. Wells Fargo & Company MN increased its position in Invesco DB Base Metals Fund by 49.8% during the fourth quarter. Wells Fargo & Company MN now owns 440,486 shares of the company’s stock worth $10,105,000 after acquiring an additional 146,416 shares during the period. Bank of America Corp DE boosted its holdings in Invesco DB Base Metals Fund by 70.7% in the 1st quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock valued at $9,007,000 after purchasing an additional 158,721 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Invesco DB Base Metals Fund by 1,518.5% in 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 period. HighTower Advisors LLC grew its position in Invesco DB Base Metals Fund by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock worth $5,644,000 after purchasing an additional 2,038 shares during the last quarter. Finally, LPL Financial LLC grew its position in Invesco DB Base Metals Fund by 22.5% in the 4th quarter. LPL Financial LLC now owns 121,968 shares of the company’s stock worth $2,798,000 after purchasing an additional 22,364 shares during the last quarter. 40.73% of the stock is owned by 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.