Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Down 67.9% in June

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 135,438 shares, a decline of 67.9% from the June 15th total of 422,375 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 315,570 shares, the days-to-cover ratio is presently 0.4 days.

Invesco DB Base Metals Fund Stock Down 0.2%

NYSEARCA:DBB traded down $0.06 during trading hours on Friday, reaching $24.45. 228,968 shares of the stock were exchanged, compared to its average volume of 447,597. The business has a 50-day moving average of $25.24 and a two-hundred day moving average of $24.34. Invesco DB Base Metals Fund has a twelve month low of $17.81 and a twelve month high of $26.71. The company has a market capitalization of $303.18 million, a price-to-earnings ratio of 3.20 and a beta of 0.53.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its stake in Invesco DB Base Metals Fund by 70.7% during the 1st quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock worth $9,007,000 after buying an additional 158,721 shares during the period. Royal Bank of Canada boosted its position in Invesco DB Base Metals Fund by 68.1% in the 1st quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock valued at $860,000 after buying an additional 14,833 shares during the period. Cetera Investment Advisers grew 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 worth $795,000 after acquiring an additional 2,098 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco DB Base Metals Fund in the first quarter worth $1,207,000. Finally, Fifth Third Bancorp acquired a new position in shares of Invesco DB Base Metals Fund in the first quarter worth $35,000. Hedge funds and other 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.