Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Down 47.6% in July

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 70,953 shares, a decrease of 47.6% from the June 30th total of 135,438 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 285,617 shares, the days-to-cover ratio is presently 0.2 days.

Invesco DB Base Metals Fund Stock Performance

Shares of NYSEARCA DBB traded up $0.12 during mid-day trading on Wednesday, hitting $24.71. 257,762 shares of the stock were exchanged, compared to its average volume of 422,474. Invesco DB Base Metals Fund has a twelve month low of $17.81 and a twelve month high of $26.71. The stock’s fifty day simple moving average is $25.03 and its two-hundred day simple moving average is $24.50. The company has a market cap of $306.40 million, a P/E ratio of 3.20 and a beta of 0.53.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp bought a new position in Invesco DB Base Metals Fund in the 1st quarter valued at $35,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco DB Base Metals Fund in the second quarter valued at $62,000. Aptus Capital Advisors LLC acquired a new stake in shares of Invesco DB Base Metals Fund in the fourth quarter valued at $93,000. Kestra Advisory Services LLC bought a new position in shares of Invesco DB Base Metals Fund in the fourth quarter valued at about $103,000. Finally, Ancora Advisors LLC raised its holdings in shares of Invesco DB Base Metals Fund by 100.0% in the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after buying an additional 2,600 shares during the last quarter. 40.73% of the stock is owned by institutional investors and hedge funds.

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.