Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Up 79.3% in July

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 127,248 shares, a growth of 79.3% from the July 15th total of 70,953 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 172,463 shares, the days-to-cover ratio is presently 0.7 days.

Invesco DB Base Metals Fund Stock Performance

Invesco DB Base Metals Fund stock traded up $0.12 during midday trading on Friday, reaching $25.42. The company’s stock had a trading volume of 75,471 shares, compared to its average volume of 401,279. The firm has a market capitalization of $367.32 million, a PE ratio of 3.20 and a beta of 0.53. Invesco DB Base Metals Fund has a fifty-two week low of $19.30 and a fifty-two week high of $26.71. The stock’s 50 day simple moving average is $24.86 and its 200 day simple moving average is $24.62.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Invesco DB Base Metals Fund by 114.6% in the first quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock valued at $1,664,000 after purchasing an additional 46,328 shares during the period. Jane Street Group LLC increased its holdings in Invesco DB Base Metals Fund by 73.9% in the first quarter. Jane Street Group LLC now owns 53,307 shares of the company’s stock valued at $1,023,000 after buying an additional 22,658 shares in the last quarter. Cetera Investment Advisers purchased a new position in Invesco DB Base Metals Fund in the second quarter valued at about $420,000. The Manufacturers Life Insurance Company lifted its position in shares of Invesco DB Base Metals Fund by 1,518.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock valued at $6,497,000 after acquiring an additional 314,708 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Invesco DB Base Metals Fund during the 2nd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 40.73% of the company’s stock.

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.