Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 70,953 shares, a drop of 47.6% from the June 30th total of 135,438 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 285,617 shares, the short-interest ratio is presently 0.2 days.
Institutional Trading of Invesco DB Base Metals Fund
Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in shares of Invesco DB Base Metals Fund during the 1st quarter valued at about $35,000. HighTower Advisors LLC grew its stake in shares of Invesco DB Base Metals Fund by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock valued at $5,644,000 after buying an additional 2,038 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco DB Base Metals Fund by 6.6% in the 1st quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock valued at $795,000 after buying an additional 2,098 shares in the last quarter. Ancora Advisors LLC increased its holdings in Invesco DB Base Metals Fund by 100.0% in the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock worth $107,000 after buying an additional 2,600 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in Invesco DB Base Metals Fund by 14.3% in the third quarter. Susquehanna International Group LLP now owns 22,866 shares of the company’s stock worth $470,000 after buying an additional 2,866 shares during the last quarter. 40.73% of the stock is owned by institutional investors and hedge funds.
Invesco DB Base Metals Fund Stock Up 0.5%
Shares of DBB stock traded up $0.12 during trading hours on Friday, reaching $25.16. 80,998 shares of the stock traded hands, compared to its average volume of 419,357. The firm has a market capitalization of $311.98 million, a PE ratio of 3.20 and a beta of 0.53. Invesco DB Base Metals Fund has a 1-year low of $19.03 and a 1-year high of $26.71. The business has a fifty day moving average price of $24.98 and a 200 day moving average price of $24.52.
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.
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