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

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 36,814 shares, a drop of 50.2% from the August 31st total of 73,985 shares. Based on an average daily volume of 225,746 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several hedge funds have recently bought and sold shares of DBB. Bank of America Corp DE grew its stake in shares of Invesco DB Base Metals Fund by 70.7% in 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 during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Invesco DB Base Metals Fund by 216.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 245,621 shares of the company’s stock valued at $5,919,000 after purchasing an additional 168,112 shares during the last quarter. Solstein Capital LLC grew its stake in shares of Invesco DB Base Metals Fund by 26.2% during the 2nd quarter. Solstein Capital LLC now owns 158,890 shares of the company’s stock worth $3,829,000 after purchasing an additional 33,023 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Invesco DB Base Metals Fund during the first quarter worth $1,207,000. Finally, Royal Bank of Canada lifted its holdings in shares of Invesco DB Base Metals Fund by 68.1% in the 1st quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock worth $860,000 after acquiring an additional 14,833 shares during the last quarter. 40.73% of the stock is owned by institutional investors.

Invesco DB Base Metals Fund Trading Down 1.0%

Shares of DBB traded down $0.27 during mid-day trading on Wednesday, hitting $25.30. The company’s stock had a trading volume of 167,605 shares, compared to its average volume of 370,036. The firm has a 50-day simple moving average of $25.45 and a 200 day simple moving average of $24.98. The firm has a market capitalization of $365.51 million, a P/E ratio of 3.20 and a beta of 0.53. Invesco DB Base Metals Fund has a 1-year low of $20.52 and a 1-year high of $26.71.

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.