Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Down 87.8% in May

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 112,850 shares, a decline of 87.8% from the May 14th total of 927,823 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 464,153 shares, the short-interest ratio is presently 0.2 days.

Invesco DB Base Metals Fund Trading Down 1.0%

Shares of DBB traded down $0.25 during trading hours on Tuesday, hitting $25.42. The company had a trading volume of 1,001,486 shares, compared to its average volume of 468,223. The company has a market capitalization of $315.21 million, a PE ratio of 3.20 and a beta of 0.52. Invesco DB Base Metals Fund has a one year low of $17.81 and a one year high of $26.71. The company’s fifty day moving average price is $25.10 and its two-hundred day moving average price is $23.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MAI Capital Management purchased a new position in Invesco DB Base Metals Fund during the 3rd quarter worth $31,000. Fifth Third Bancorp purchased a new position in Invesco DB Base Metals Fund during the 1st quarter worth $35,000. Raymond James Financial Inc. purchased a new position in Invesco DB Base Metals Fund during the 2nd quarter worth $62,000. Aptus Capital Advisors LLC purchased a new position in Invesco DB Base Metals Fund during the 4th quarter worth $93,000. Finally, Kestra Advisory Services LLC purchased a new position in Invesco DB Base Metals Fund during the 4th quarter worth $103,000. 40.73% of the stock is currently owned by hedge funds and other institutional investors.

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.