Invesco DB Base Metals Fund (NYSEARCA:DBB) Sees Large Growth in Short Interest

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 927,823 shares, a growth of 762.3% from the April 30th total of 107,598 shares. Based on an average trading volume of 433,339 shares, the short-interest ratio is currently 2.1 days. Currently, 7.5% of the shares of the stock are short sold.

Invesco DB Base Metals Fund Stock Performance

Shares of Invesco DB Base Metals Fund stock traded down $0.05 during trading hours on Friday, hitting $25.97. The company’s stock had a trading volume of 177,119 shares, compared to its average volume of 466,722. The business has a 50 day moving average price of $24.70 and a two-hundred day moving average price of $23.71. Invesco DB Base Metals Fund has a 12-month low of $17.81 and a 12-month high of $26.49. The company has a market cap of $322.03 million, a PE ratio of 3.20 and a beta of 0.51.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several large investors have recently made changes to their positions in the business. MAI Capital Management purchased a new stake in shares of Invesco DB Base Metals Fund in the third quarter worth about $31,000. Fifth Third Bancorp purchased a new stake in shares of Invesco DB Base Metals Fund in the first quarter worth about $35,000. HighTower Advisors LLC lifted its position in shares of Invesco DB Base Metals Fund by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock worth $5,644,000 after buying an additional 2,038 shares in the last quarter. Cetera Investment Advisers lifted its position 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 worth $795,000 after buying an additional 2,098 shares in the last quarter. Finally, Modern Wealth Management LLC increased its stake in Invesco DB Base Metals Fund by 4.1% during the third quarter. Modern Wealth Management LLC now owns 63,340 shares of the company’s stock worth $1,301,000 after acquiring an additional 2,500 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 Company Profile

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.