Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Down 98.0% in July

Invesco DB Precious Metals Fund (NYSEARCA:DBPGet Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 697 shares, a drop of 98.0% from the June 30th total of 35,260 shares. Based on an average trading volume of 49,443 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Invesco DB Precious Metals Fund Stock Performance

Invesco DB Precious Metals Fund stock traded up $0.27 during trading on Friday, reaching $92.88. 11,956 shares of the company’s stock were exchanged, compared to its average volume of 20,525. The company’s 50-day moving average is $98.55 and its two-hundred day moving average is $109.28. Invesco DB Precious Metals Fund has a 52-week low of $74.64 and a 52-week high of $140.76. The firm has a market cap of $236.84 million, a price-to-earnings ratio of 8.02 and a beta of 0.23.

Key Stories Impacting Invesco DB Precious Metals Fund

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Several institutional investors and hedge funds have recently modified their holdings of DBP. Wells Fargo & Company MN grew its stake in shares of Invesco DB Precious Metals Fund by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 242,369 shares of the company’s stock valued at $24,918,000 after buying an additional 7,238 shares in the last quarter. Osaic Holdings Inc. lifted its position in Invesco DB Precious Metals Fund by 2.6% during the 4th quarter. Osaic Holdings Inc. now owns 145,946 shares of the company’s stock worth $15,005,000 after acquiring an additional 3,639 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Invesco DB Precious Metals Fund by 4.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock worth $15,311,000 after acquiring an additional 5,396 shares in the last quarter. Jane Street Group LLC boosted its holdings in Invesco DB Precious Metals Fund by 201.7% in the 1st quarter. Jane Street Group LLC now owns 111,626 shares of the company’s stock worth $7,976,000 after acquiring an additional 74,630 shares during the period. Finally, Dorsey Wright & Associates boosted its holdings in Invesco DB Precious Metals Fund by 101.4% in the 1st quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock worth $8,383,000 after acquiring an additional 38,349 shares during the period.

Invesco DB Precious Metals Fund Company Profile

(Get Free Report)

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.

Further Reading

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