Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Declines By 39.6%

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 119,148 shares, a decrease of 39.6% from the December 15th total of 197,187 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 329,298 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 329,298 shares, the short-interest ratio is currently 0.4 days. Approximately 1.3% of the company’s stock are short sold.

Invesco DB Base Metals Fund Price Performance

Invesco DB Base Metals Fund stock traded down $0.53 during trading hours on Friday, hitting $23.76. The company had a trading volume of 243,139 shares, compared to its average volume of 411,804. The firm’s fifty day moving average is $22.48 and its 200-day moving average is $20.97. Invesco DB Base Metals Fund has a fifty-two week low of $17.13 and a fifty-two week high of $24.56. The firm has a market capitalization of $236.41 million, a P/E ratio of 3.20 and a beta of 0.56.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several large investors have recently made changes to their positions in DBB. The Manufacturers Life Insurance Company grew its position in Invesco DB Base Metals Fund by 1,518.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock worth $6,497,000 after acquiring an additional 314,708 shares during the last quarter. Royal Bank of Canada raised its holdings in Invesco DB Base Metals Fund by 114.6% in the first quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock worth $1,664,000 after purchasing an additional 46,328 shares during the period. Solstein Capital LLC raised its position in shares of Invesco DB Base Metals Fund by 74.1% during the third quarter. Solstein Capital LLC now owns 76,293 shares of the company’s stock worth $1,567,000 after purchasing an additional 32,466 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Invesco DB Base Metals Fund by 41.3% during the second quarter. Ameriprise Financial Inc. now owns 86,827 shares of the company’s stock worth $1,679,000 after buying an additional 25,378 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Invesco DB Base Metals Fund by 73.9% during the 1st quarter. Jane Street Group LLC now owns 53,307 shares of the company’s stock worth $1,023,000 after buying an additional 22,658 shares during the last quarter. Institutional investors and hedge funds 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.