Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Short Interest Down 76.8% in May

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 827,357 shares, a drop of 76.8% from the May 14th total of 3,567,364 shares. Based on an average daily volume of 1,090,456 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.4% of the shares of the company are sold short.

Invesco DB Commodity Index Tracking Fund Trading Down 1.0%

Invesco DB Commodity Index Tracking Fund stock traded down $0.30 during trading on Friday, reaching $28.55. The company had a trading volume of 1,080,725 shares, compared to its average volume of 1,349,895. Invesco DB Commodity Index Tracking Fund has a 52 week low of $21.59 and a 52 week high of $31.79. The firm’s 50-day simple moving average is $29.89 and its 200 day simple moving average is $26.44. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 5.00 and a beta of 0.08.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Institutional investors have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL raised its holdings in Invesco DB Commodity Index Tracking Fund by 555.6% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 1,000 shares during the period. Jessup Wealth Management Inc bought a new stake in Invesco DB Commodity Index Tracking Fund during the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust bought a new stake in Invesco DB Commodity Index Tracking Fund during the fourth quarter valued at about $46,000. International Assets Investment Management LLC bought a new stake in Invesco DB Commodity Index Tracking Fund during the fourth quarter valued at about $48,000. Finally, Caitlin John LLC bought a new stake in Invesco DB Commodity Index Tracking Fund during the third quarter valued at about $53,000. 48.28% of the stock is owned by institutional investors.

Invesco DB Commodity Index Tracking Fund Company Profile

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. Deutsche Bank offers unparalleled financial services in countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people