Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Update

Invesco DB Precious Metals Fund (NYSEARCA:DBP) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 13,125 shares, a decline of 57.8% from the July 30th total of 31,117 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 12,517 shares, the short-interest ratio is presently 1.0 days.

Invesco DB Precious Metals Fund Stock Performance

Shares of DBP stock opened at $106.50 on Friday. Invesco DB Precious Metals Fund has a 52-week low of $78.15 and a 52-week high of $140.76. The stock has a market cap of $276.90 million, a price-to-earnings ratio of 8.02 and a beta of 0.23. The firm’s 50-day moving average is $96.70 and its 200-day moving average is $106.26.

Invesco DB Precious Metals Fund News Summary

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

• Positive Sentiment: Gold remains broadly supported above the $4,500 area, while silver is approaching a potential breakout above $72. A sustained move through those levels could improve momentum for DBP. Gold and Silver Price Forecast: Warsh’s Jackson Hole Speech Takes Center Stage
• Positive Sentiment: Gold’s pullback is testing support near its 200-day average around $4,527. Holding that level could preserve the recent bullish reversal and support a move toward $4,774-$4,780. Gold Price Tests $4,527 Support With $4,774 Target in Play
• Positive Sentiment: Continued investor demand for the “dollar debasement” trade is limiting gold’s downside, providing a supportive backdrop for precious-metals funds such as DBP. Gold Rises as Dollar Debasement Trade Attracts Investors
• Neutral Sentiment: Markets are awaiting Fed Chair Kevin Warsh’s Jackson Hole speech for signals on future interest rates. Lower rates would generally support DBP, while a hawkish message could pressure precious metals. Gold Waits on Warsh as Dollar Weakness Stalls
• Neutral Sentiment: Middle East tensions, fiscal concerns, Treasury repurchases and shifting dollar trends are creating competing forces that may keep gold and silver volatile. Sticky PCE Puts Warsh and Fed in Focus
• Negative Sentiment: Sticky and higher-than-expected PCE inflation reduced expectations for a dovish Fed, contributing to gold’s retreat and weighing on the near-term outlook for DBP. Gold is also facing resistance around $4,700. Gold Retreats As Traders Reduce Bets On Dovish Fed

Institutional Trading of Invesco DB Precious Metals Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in shares of Invesco DB Precious Metals Fund by 3.1% during the 4th quarter. Wells Fargo & Company MN now owns 242,369 shares of the company’s stock worth $24,918,000 after acquiring an additional 7,238 shares during the period. Osaic Holdings Inc. raised its stake in Invesco DB Precious Metals Fund by 2.6% in the 4th quarter. Osaic Holdings Inc. now owns 145,946 shares of the company’s stock valued at $15,005,000 after acquiring an additional 3,639 shares during the period. The Manufacturers Life Insurance Company raised its stake in Invesco DB Precious Metals Fund by 4.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock valued at $15,311,000 after acquiring an additional 5,396 shares during the period. 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 valued at $7,976,000 after purchasing an additional 74,630 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its holdings in Invesco DB Precious Metals Fund by 101.4% during the 1st quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock valued at $8,383,000 after purchasing an additional 38,349 shares during the last quarter.

Invesco DB Precious Metals Fund Company Profile

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.