Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 827,357 shares, a decline of 76.8% from the May 14th total of 3,567,364 shares. Based on an average daily trading volume, of 1,090,456 shares, the short-interest ratio is presently 0.8 days. Approximately 1.4% of the company’s stock are short sold.
Invesco DB Commodity Index Tracking Fund Stock Down 1.4%
Shares of Invesco DB Commodity Index Tracking Fund stock opened at $29.07 on Wednesday. The firm’s 50 day moving average price is $29.90 and its 200-day moving average price is $26.33. Invesco DB Commodity Index Tracking Fund has a 52-week low of $21.58 and a 52-week high of $31.79. The company has a market cap of $1.67 billion, a P/E ratio of 5.00 and a beta of 0.08.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of DBC. JPMorgan Chase & Co. grew its position in shares of Invesco DB Commodity Index Tracking Fund by 670.3% in the 4th quarter. JPMorgan Chase & Co. now owns 817,253 shares of the company’s stock worth $18,274,000 after buying an additional 711,157 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco DB Commodity Index Tracking Fund by 194.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 494,207 shares of the company’s stock worth $11,050,000 after buying an additional 326,632 shares during the last quarter. Lido Advisors LLC grew its position in shares of Invesco DB Commodity Index Tracking Fund by 1,998.7% in the 3rd quarter. Lido Advisors LLC now owns 303,656 shares of the company’s stock worth $6,842,000 after buying an additional 289,187 shares during the last quarter. Man Group plc grew its position in shares of Invesco DB Commodity Index Tracking Fund by 1,834.2% in the 3rd quarter. Man Group plc now owns 269,844 shares of the company’s stock worth $6,080,000 after buying an additional 255,893 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Invesco DB Commodity Index Tracking Fund by 127.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 436,068 shares of the company’s stock worth $9,812,000 after buying an additional 244,174 shares during the last quarter. Hedge funds and other institutional investors own 48.28% of the company’s stock.
Invesco DB Commodity Index Tracking Fund Company Profile
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. Deutsche Bank offers unparalleled financial services in countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people
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