Invesco DB Precious Metals Fund (NYSEARCA:DBP) Sees Large Growth in Short Interest

Invesco DB Precious Metals Fund (NYSEARCA:DBP) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 62,978 shares, a growth of 178.3% from the May 31st total of 22,630 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily volume of 15,684 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Trading of Invesco DB Precious Metals Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its holdings in Invesco DB Precious Metals Fund by 201.7% during the 1st quarter. Jane Street Group LLC now owns 111,626 shares of the company’s stock worth $7,976,000 after buying an additional 74,630 shares during the last quarter. Dorsey Wright & Associates grew its position in shares of Invesco DB Precious Metals Fund by 101.4% during the first 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 last quarter. Pinebridge Investments LLC bought a new position in Invesco DB Precious Metals Fund in the 4th quarter worth about $3,293,000. Fifth Third Bancorp acquired a new stake in Invesco DB Precious Metals Fund in the 1st quarter valued at approximately $3,487,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Invesco DB Precious Metals Fund by 18.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 133,746 shares of the company’s stock valued at $13,750,000 after purchasing an additional 21,293 shares in the last quarter.

Invesco DB Precious Metals Fund Price Performance

Invesco DB Precious Metals Fund stock traded down $1.24 during midday trading on Monday, hitting $92.26. 6,244 shares of the company were exchanged, compared to its average volume of 18,867. The company has a market cap of $235.26 million, a PE ratio of 8.02 and a beta of 0.19. The company’s fifty day moving average price is $105.76 and its 200-day moving average price is $110.83. Invesco DB Precious Metals Fund has a fifty-two week low of $74.59 and a fifty-two week high of $140.76.

More Invesco DB Precious Metals Fund News

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

• Positive Sentiment: China is considering a new import/export regime for gold that could streamline trade and improve border management, which may support longer-term gold demand and reduce administrative friction. China considers new import and export regime for gold which limits PBOC oversight
• Neutral Sentiment: Gold briefly rebounded off technical support around $4,049, but traders are still focused on the Fed rate outlook, Treasury yields, and upcoming U.S. jobs data, keeping price direction uncertain. Gold (XAUUSD) & Silver Price Forecast: Gold Defends $4,049 as Silver Holds $57.97 — Next Move?
• Neutral Sentiment: Analysts say gold is searching for a catalyst to bounce, but early-week trading has been weak as Asian and European markets weighed on sentiment. Gold Price Analysis – Gold Looks for a Reason to Bounce
• Negative Sentiment: Gold, silver, and platinum are losing ground as investors expect a less supportive Fed rate path, which is a direct headwind for precious-metals funds like DBP. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Focus On Rate Outlook
• Negative Sentiment: Gold prices are falling amid rising oil prices and renewed bets on Fed rate hikes, with technical signals such as the “death cross” reinforcing bearish sentiment. Gold News: Does the Death Cross Still Matter for Gold Prices?
• Negative Sentiment: Gold and silver remain under pressure ahead of key U.S. labor-market data, while Fed expectations and geopolitical talks continue to weigh on bullion. Gold and Silver Price Forecast: NFP Data and Iran Talks Drive Next Breakout
• Negative Sentiment: Gold fell in early Asian trade as risk sentiment worsened, adding to weakness across commodities and signaling softer near-term demand. Gold Falls Amid Souring Risk Sentiment

About Invesco DB Precious Metals Fund

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.