Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Down 53.4% in August

Invesco DB Precious Metals Fund (NYSEARCA:DBPGet Free Report) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,111 shares, a drop of 53.4% from the August 15th total of 13,125 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 6,082 shares, the short-interest ratio is presently 1.0 days.

Invesco DB Precious Metals Fund Price Performance

DBP stock traded down $0.56 during mid-day trading on Wednesday, reaching $98.42. The company had a trading volume of 3,108 shares, compared to its average volume of 18,098. The company has a market capitalization of $197.82 million, a PE ratio of 8.02 and a beta of 0.24. The firm has a 50 day moving average of $98.46 and a 200 day moving average of $104.65. Invesco DB Precious Metals Fund has a 12 month low of $83.02 and a 12 month high of $140.76.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DBP. The Manufacturers Life Insurance Company boosted its stake in shares of Invesco DB Precious Metals Fund by 4.0% during the first 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 in the last quarter. Dorsey Wright & Associates boosted its position in Invesco DB Precious Metals Fund by 101.4% during the 1st quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock valued at $8,383,000 after acquiring an additional 38,349 shares in the last quarter. Pinebridge Investments LLC purchased a new position in shares of Invesco DB Precious Metals Fund in the 4th quarter valued at $3,293,000. Fifth Third Bancorp bought a new position in shares of Invesco DB Precious Metals Fund in the 1st quarter worth $3,487,000. Finally, Power Wealth Management LLC raised its position in shares of Invesco DB Precious Metals Fund by 468.3% in the 2nd quarter. Power Wealth Management LLC now owns 11,343 shares of the company’s stock worth $1,049,000 after acquiring an additional 9,347 shares in the last quarter.

More Invesco DB Precious Metals Fund News

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

About Invesco DB Precious Metals Fund

(Get Free Report)

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.

See Also

Receive News & Ratings for Invesco DB Precious Metals Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Precious Metals Fund and related companies with MarketBeat.com's FREE daily email newsletter.