Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Up 267.6% in January

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 438,036 shares, an increase of 267.6% from the December 31st total of 119,148 shares. Based on an average daily trading volume, of 428,705 shares, the days-to-cover ratio is currently 1.0 days. Approximately 4.2% of the shares of the stock are short sold. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 428,705 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Invesco DB Base Metals Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Leo Wealth LLC acquired a new position in Invesco DB Base Metals Fund during the 4th quarter worth about $1,364,000. Cooper Investors PTY Ltd. bought a new stake in Invesco DB Base Metals Fund in the fourth quarter valued at approximately $213,000. Susquehanna International Group LLP increased its position in Invesco DB Base Metals Fund by 14.3% during the 3rd quarter. Susquehanna International Group LLP now owns 22,866 shares of the company’s stock valued at $470,000 after purchasing an additional 2,866 shares during the period. Ancora Advisors LLC increased its position in Invesco DB Base Metals Fund by 100.0% during the 3rd quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after purchasing an additional 2,600 shares during the period. Finally, Modern Wealth Management LLC raised its holdings in 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 worth $1,301,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Trading Up 1.0%

Invesco DB Base Metals Fund stock traded up $0.25 during midday trading on Wednesday, reaching $24.57. The company’s stock had a trading volume of 401,271 shares, compared to its average volume of 455,476. The stock has a market cap of $259.21 million, a PE ratio of 3.20 and a beta of 0.56. Invesco DB Base Metals Fund has a 52 week low of $17.13 and a 52 week high of $24.60. The business has a 50-day moving average price of $22.88 and a 200-day moving average price of $21.25.

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.