Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Update

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 349,670 shares, a drop of 20.2% from the January 15th total of 438,036 shares. Based on an average daily volume of 560,115 shares, the short-interest ratio is presently 0.6 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily volume of 560,115 shares, the short-interest ratio is presently 0.6 days.

Invesco DB Base Metals Fund Stock Down 1.7%

Shares of DBB stock traded down $0.41 during trading on Tuesday, hitting $23.18. The company had a trading volume of 215,953 shares, compared to its average volume of 507,694. The stock’s 50-day moving average is $23.41 and its two-hundred day moving average is $21.67. The stock has a market capitalization of $268.83 million, a price-to-earnings ratio of 3.20 and a beta of 0.56. Invesco DB Base Metals Fund has a 52 week low of $17.13 and a 52 week high of $26.02.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Several hedge funds have recently added to or reduced their stakes in the company. MAI Capital Management bought a new stake in shares of Invesco DB Base Metals Fund in the 3rd quarter worth approximately $31,000. Raymond James Financial Inc. bought a new stake in Invesco DB Base Metals Fund in the second quarter valued at $62,000. Aptus Capital Advisors LLC bought a new position in Invesco DB Base Metals Fund in the 4th quarter worth $93,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco DB Base Metals Fund in the 4th quarter worth about $103,000. Finally, Ancora Advisors LLC boosted its stake in shares of Invesco DB Base Metals Fund by 100.0% during the 3rd quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after purchasing an additional 2,600 shares in the last quarter. 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.