Invesco DB Base Metals Fund (NYSEARCA:DBB) Sees Significant Decrease in Short Interest

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 135,438 shares, a decrease of 67.9% from the June 15th total of 422,375 shares. Based on an average daily volume of 315,570 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Trading of Invesco DB Base Metals Fund

Several hedge funds have recently added to or reduced their stakes in DBB. The Manufacturers Life Insurance Company increased its position in shares of 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 last quarter. Bank of America Corp DE grew its stake in shares of Invesco DB Base Metals Fund by 70.7% during the first quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock worth $9,007,000 after purchasing an additional 158,721 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Invesco DB Base Metals Fund by 49.8% in the fourth quarter. Wells Fargo & Company MN now owns 440,486 shares of the company’s stock valued at $10,105,000 after buying an additional 146,416 shares during the last quarter. Leo Wealth LLC acquired a new stake in Invesco DB Base Metals Fund in the fourth quarter valued at $1,364,000. Finally, Sanctuary Advisors LLC acquired a new stake in Invesco DB Base Metals Fund in the first quarter valued at $1,207,000. Institutional investors and hedge funds own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Stock Performance

DBB stock traded down $0.06 during mid-day trading on Friday, reaching $24.45. The company had a trading volume of 228,968 shares, compared to its average volume of 447,597. The company has a market capitalization of $303.18 million, a price-to-earnings ratio of 3.20 and a beta of 0.53. The firm has a fifty day simple moving average of $25.24 and a 200 day simple moving average of $24.34. Invesco DB Base Metals Fund has a fifty-two week low of $17.81 and a fifty-two week high of $26.71.

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.