Invesco DB Base Metals Fund (NYSEARCA:DBB) Shares Shorted: Short Interest Up 176.1% in September

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 101,653 shares, a growth of 176.1% from the September 15th total of 36,814 shares. Based on an average daily volume of 233,222 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBB. Fifth Third Bancorp acquired a new position in Invesco DB Base Metals Fund during the first quarter worth $35,000. Cetera Investment Advisers lifted its stake in Invesco DB Base Metals Fund by 6.6% in the first quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock valued at $795,000 after acquiring an additional 2,098 shares during the last quarter. Park Edge Advisors LLC acquired a new stake in Invesco DB Base Metals Fund in the first quarter valued at $808,000. Camelot Technology Advisors Inc. lifted its stake in Invesco DB Base Metals Fund by 17.3% in the second quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock valued at $841,000 after acquiring an additional 5,150 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Invesco DB Base Metals Fund by 68.1% in the first quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock valued at $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 Stock Performance

Invesco DB Base Metals Fund stock traded down $0.02 during mid-day trading on Monday, reaching $25.14. The company’s stock had a trading volume of 55,093 shares, compared to its average volume of 360,375. The company has a market capitalization of $363.29 million, a price-to-earnings ratio of 3.20 and a beta of 0.54. Invesco DB Base Metals Fund has a 12 month low of $20.66 and a 12 month high of $26.71. The business’s 50 day simple moving average is $25.48 and its 200 day simple moving average is $25.07.

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.