Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Grows By 274.3%

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 422,375 shares, an increase of 274.3% from the May 31st total of 112,850 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 465,621 shares, the short-interest ratio is currently 0.9 days.

Invesco DB Base Metals Fund Price Performance

Shares of NYSEARCA:DBB traded up $0.11 during trading on Friday, reaching $24.27. The stock had a trading volume of 372,703 shares, compared to its average volume of 457,035. The stock has a market capitalization of $300.95 million, a PE ratio of 3.20 and a beta of 0.52. Invesco DB Base Metals Fund has a 52 week low of $17.81 and a 52 week high of $26.71. The business’s 50-day moving average price is $25.41 and its 200 day moving average price is $24.21.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new position in Invesco DB Base Metals Fund in the first quarter worth $35,000. MAI Capital Management bought a new stake in shares of Invesco DB Base Metals Fund during the third quarter worth $31,000. HighTower Advisors LLC increased its stake in shares of Invesco DB Base Metals Fund by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock valued at $5,644,000 after buying an additional 2,038 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of 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 buying an additional 2,098 shares in the last quarter. Finally, Modern Wealth Management LLC raised its holdings in shares of Invesco DB Base Metals Fund by 4.1% in the third quarter. Modern Wealth Management LLC now owns 63,340 shares of the company’s stock valued at $1,301,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 40.73% of the company’s stock.

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.