Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Update
by Jessica Moore · The Cerbat GemInvesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 197,187 shares, an increase of 69.2% from the November 30th total of 116,541 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average trading volume of 351,919 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 351,919 shares, the short-interest ratio is currently 0.6 days. Currently, 3.1% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Ignite Planners LLC raised its stake in shares of Invesco DB Base Metals Fund by 2.7% during the 3rd quarter. Ignite Planners LLC now owns 19,029 shares of the company’s stock valued at $391,000 after purchasing an additional 494 shares during the period. MAI Capital Management purchased a new stake in shares of Invesco DB Base Metals Fund in the third quarter worth $31,000. Modern Wealth Management LLC boosted its position in shares of Invesco DB Base Metals Fund by 4.1% during the 3rd quarter. Modern Wealth Management LLC now owns 63,340 shares of the company’s stock valued at $1,301,000 after acquiring an additional 2,500 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of Invesco DB Base Metals Fund by 100.0% during the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock worth $107,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of Invesco DB Base Metals Fund by 14.3% in the 3rd 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 currently owned by hedge funds and other institutional investors.
Invesco DB Base Metals Fund Stock Up 2.1%
Invesco DB Base Metals Fund stock traded up $0.48 during trading on Friday, hitting $22.87. The stock had a trading volume of 1,414,653 shares, compared to its average volume of 89,245. The stock’s 50 day moving average is $21.87 and its two-hundred day moving average is $20.51. Invesco DB Base Metals Fund has a 1 year low of $17.13 and a 1 year high of $22.92. The stock has a market cap of $146.37 million, a price-to-earnings ratio of 3.20 and a beta of 0.56.
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.