Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Increases By 79.3%
by Jessica Moore · The Cerbat GemInvesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 127,248 shares, a growth of 79.3% from the July 15th total of 70,953 shares. Based on an average trading volume of 172,463 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the shares of the company are sold short.
Institutional Investors Weigh In On Invesco DB Base Metals Fund
Institutional investors have recently added to or reduced their stakes in the business. Camelot Technology Advisors Inc. increased its position in Invesco DB Base Metals Fund by 17.3% during the 2nd quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock worth $841,000 after purchasing an additional 5,150 shares during the period. Bank of America Corp DE lifted its holdings in shares of Invesco DB Base Metals Fund by 70.7% in the 1st quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock valued at $9,007,000 after buying an additional 158,721 shares during the period. Royal Bank of Canada boosted its stake in shares of Invesco DB Base Metals Fund by 68.1% in the first quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock valued at $860,000 after buying an additional 14,833 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco DB Base Metals Fund by 6.6% in the first 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. Finally, Sanctuary Advisors LLC acquired a new position in Invesco DB Base Metals Fund during the first quarter worth $1,207,000. Hedge funds and other institutional investors own 40.73% of the company’s stock.
Invesco DB Base Metals Fund Trading Up 0.5%
Shares of NYSEARCA:DBB traded up $0.12 during midday trading on Friday, hitting $25.42. The stock had a trading volume of 75,471 shares, compared to its average volume of 401,279. Invesco DB Base Metals Fund has a 1 year low of $19.30 and a 1 year high of $26.71. The stock has a 50 day moving average price of $24.86 and a two-hundred day moving average price of $24.62. The company has a market capitalization of $367.32 million, a PE ratio of 3.20 and a beta of 0.53.
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.