Invesco DB Precious Metals Fund (NYSEARCA:DBP) Sees Significant Increase in Short Interest

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 28,262 shares, an increase of 257.1% from the September 15th total of 7,915 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 16,571 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of Invesco DB Precious Metals Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of Invesco DB Precious Metals Fund by 11.4% during the second quarter. Envestnet Asset Management Inc. now owns 125,677 shares of the company’s stock valued at $11,622,000 after acquiring an additional 12,880 shares during the last quarter. Power Wealth Management LLC grew its stake in shares of Invesco DB Precious Metals Fund by 468.3% in the second quarter. Power Wealth Management LLC now owns 11,343 shares of the company’s stock worth $1,049,000 after purchasing an additional 9,347 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Invesco DB Precious Metals Fund by 44.1% in the first quarter. Royal Bank of Canada now owns 9,878 shares of the company’s stock worth $1,087,000 after purchasing an additional 3,025 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in 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 valued at $15,311,000 after purchasing an additional 5,396 shares during the period. Finally, Gateway Wealth Partners LLC lifted its holdings in Invesco DB Precious Metals Fund by 103.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock worth $708,000 after buying an additional 3,271 shares during the period.

Key Stories Impacting Invesco DB Precious Metals Fund

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

• Positive Sentiment: Gold rose more than 1% as U.S. consumer sentiment weakened, potentially reinforcing expectations for lower interest rates. Softer rates reduce the opportunity cost of holding non-yielding precious metals. Gold Rises Over 1%; US Consumer Sentiment Falls
• Positive Sentiment: Gold moved above $4,184, while softer yields and record exchange-traded-fund inflows supported the recovery. Silver also reclaimed $59.96, offering an additional tailwind for DBP’s precious-metals exposure. Gold and Silver Price Forecast
• Positive Sentiment: Potential continued gold purchases by the People’s Bank of China could provide fundamental support for bullion demand. Gold Rises, Supported by Potential China Demand
• Positive Sentiment: Technical analysts see a possible bullish wedge or double-bottom formation. A break above roughly $4,226 could signal a broader reversal, with higher upside targets. Gold Price Forecast: $4,226 Breakout
• Neutral Sentiment: Gold’s rebound remains dependent on support near $4,100-$4,103 and its ability to clear nearby resistance. Failure to hold support could quickly pressure DBP. Gold Support Forecast
• Negative Sentiment: Fed minutes and still-elevated yields have kept the possibility of a December rate hike alive. Higher rates and a stronger dollar weigh on non-yielding gold and silver. Gold and Silver Forecast
• Negative Sentiment: DBP short interest increased 257.1% between September 15 and September 30, reaching 28,262 shares. Although short interest equals only about 1.1% of shares outstanding, the increase signals growing bearish positioning and could add volatility.

Invesco DB Precious Metals Fund Stock Up 1.9%

Shares of NYSEARCA DBP traded up $1.79 during midday trading on Friday, reaching $96.14. The company had a trading volume of 3,984 shares, compared to its average volume of 17,751. Invesco DB Precious Metals Fund has a one year low of $90.01 and a one year high of $140.76. The firm’s fifty day moving average price is $100.02 and its 200-day moving average price is $101.99. The stock has a market cap of $249.96 million, a PE ratio of 8.02 and a beta of 0.23.

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.