Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Up 178.3% in June

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 62,978 shares, an increase of 178.3% from the May 31st total of 22,630 shares. Based on an average trading volume of 15,684 shares, the days-to-cover ratio is presently 4.0 days. Currently, 2.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

A number of large investors have recently added to or reduced their stakes in DBP. Royal Bank of Canada raised its holdings in Invesco DB Precious Metals Fund by 44.1% in the 1st quarter. Royal Bank of Canada now owns 9,878 shares of the company’s stock valued at $1,087,000 after acquiring an additional 3,025 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Invesco DB Precious Metals Fund by 4.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock worth $15,311,000 after purchasing an additional 5,396 shares in the last quarter. Gateway Wealth Partners LLC increased its position in shares of Invesco DB Precious Metals Fund by 103.5% in the first quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock worth $708,000 after purchasing an additional 3,271 shares during the period. Gibbs Wealth Management increased its position in shares of Invesco DB Precious Metals Fund by 52.8% in the first quarter. Gibbs Wealth Management now owns 4,944 shares of the company’s stock worth $544,000 after purchasing an additional 1,709 shares during the period. Finally, Dorsey Wright & Associates increased its position in shares of Invesco DB Precious Metals Fund by 101.4% in the first quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock worth $8,383,000 after purchasing an additional 38,349 shares during the period.

Invesco DB Precious Metals Fund News Roundup

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

• Positive Sentiment: Spot gold surged to session highs after June Consumer Confidence came in at 91.2, below forecasts, reinforcing expectations that the Federal Reserve may have less room to stay restrictive. Spot gold spikes to session high $4,048/oz after Consumer Confidence at 91.2 in June
• Positive Sentiment: Gold continues to find strong buying interest just below the $4,000 level, suggesting technical support that could help stabilize precious metals prices and support DBP. Gold Price Analysis – Gold Continues to See Support at $4K
• Neutral Sentiment: Traders are watching upcoming Fed commentary and the U.S. jobs report, which could shift rate expectations and create the next major move in gold and silver. Gold (XAUUSD) Price Forecast: Will Warsh and NFP Trigger Gold’s Next Major Move?
• Neutral Sentiment: China is considering changes to its gold import/export rules, a potential long-term structural development for the bullion market, though the immediate impact on DBP is unclear. China considers new import and export regime for gold which limits PBOC oversight
• Negative Sentiment: Gold also faced pressure from a stronger dollar and rising rate-hike bets earlier in the period, which can weigh on precious metals prices and limit upside for DBP. Gold Declines, Likely Weighed by Hawkish Dollar Repricing

Invesco DB Precious Metals Fund Trading Up 0.7%

NYSEARCA DBP traded up $0.62 during trading on Tuesday, reaching $92.88. The company’s stock had a trading volume of 4,075 shares, compared to its average volume of 18,739. The firm has a 50 day moving average price of $105.34 and a 200 day moving average price of $110.77. Invesco DB Precious Metals Fund has a 12 month low of $74.64 and a 12 month high of $140.76. The firm has a market capitalization of $236.84 million, a price-to-earnings ratio of 8.02 and a beta of 0.19.

About Invesco DB Precious Metals Fund

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.