Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 112,850 shares, a decrease of 87.8% from the May 14th total of 927,823 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 464,153 shares, the days-to-cover ratio is currently 0.2 days.
Invesco DB Base Metals Fund Stock Down 1.5%
Invesco DB Base Metals Fund stock traded down $0.37 during mid-day trading on Wednesday, reaching $25.05. 585,678 shares of the company’s stock were exchanged, compared to its average volume of 469,296. The company has a market cap of $310.62 million, a P/E ratio of 3.20 and a beta of 0.52. 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 fifty day moving average of $25.15 and a 200-day moving average of $23.94.
Institutional Investors Weigh In On Invesco DB Base Metals Fund
Hedge funds have recently added to or reduced their stakes in the business. MAI Capital Management acquired a new stake in Invesco DB Base Metals Fund during the 3rd quarter worth approximately $31,000. Fifth Third Bancorp purchased a new stake in shares of Invesco DB Base Metals Fund in the 1st quarter valued at approximately $35,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco DB Base Metals Fund in the 2nd quarter valued at approximately $62,000. Aptus Capital Advisors LLC purchased a new stake in shares of Invesco DB Base Metals Fund in the 4th quarter valued at approximately $93,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Invesco DB Base Metals Fund in the 4th quarter valued at approximately $103,000. 40.73% of the stock is currently owned by institutional investors and hedge funds.
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.
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