Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Drops By 77.1%

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 29,177 shares, a decrease of 77.1% from the July 30th total of 127,248 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 139,181 shares, the short-interest ratio is presently 0.2 days.

Invesco DB Base Metals Fund Stock Up 0.1%

NYSEARCA DBB traded up $0.03 during trading hours on Thursday, hitting $25.56. The company had a trading volume of 78,725 shares, compared to its average volume of 391,231. The firm has a market cap of $369.34 million, a P/E ratio of 3.20 and a beta of 0.53. The business has a fifty day simple moving average of $24.85 and a 200-day simple moving average of $24.69. Invesco DB Base Metals Fund has a fifty-two week low of $19.53 and a fifty-two week high of $26.71.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in Invesco DB Base Metals Fund by 49.8% during the 4th quarter. Wells Fargo & Company MN now owns 440,486 shares of the company’s stock valued at $10,105,000 after acquiring an additional 146,416 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of 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. The Manufacturers Life Insurance Company lifted its holdings in shares of Invesco DB Base Metals Fund by 1,518.5% during the second quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock worth $6,497,000 after buying an additional 314,708 shares during the last quarter. HighTower Advisors LLC raised its stake in Invesco DB Base Metals Fund by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock valued at $5,644,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Solstein Capital LLC grew its position in Invesco DB Base Metals Fund by 26.2% during the second quarter. Solstein Capital LLC now owns 158,890 shares of the company’s stock worth $3,829,000 after buying an additional 33,023 shares in the last quarter. 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.