Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Decreases By 77.1%

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 29,177 shares, a decline of 77.1% from the July 30th total of 127,248 shares. Based on an average trading volume of 139,181 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Invesco DB Base Metals Fund Stock Performance

NYSEARCA DBB traded down $0.08 during trading on Friday, hitting $25.48. 107,616 shares of the company’s stock traded hands, compared to its average volume of 389,512. The stock has a market capitalization of $368.19 million, a price-to-earnings ratio of 3.20 and a beta of 0.53. Invesco DB Base Metals Fund has a 12-month low of $19.67 and a 12-month high of $26.71. The business has a 50 day moving average of $24.86 and a 200-day moving average of $24.71.

Institutional Trading of Invesco DB Base Metals Fund

A number of institutional investors have recently modified their holdings of DBB. The Manufacturers Life Insurance Company grew its stake in Invesco DB Base Metals Fund by 7.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 330,483 shares of the company’s stock valued at $7,581,000 after buying an additional 23,887 shares in the last quarter. LPL Financial LLC raised its holdings in Invesco DB Base Metals Fund by 22.5% during the 4th quarter. LPL Financial LLC now owns 121,968 shares of the company’s stock valued at $2,798,000 after acquiring an additional 22,364 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Invesco DB Base Metals Fund by 19.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 45,490 shares of the company’s stock worth $1,044,000 after acquiring an additional 7,310 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Invesco DB Base Metals Fund by 73.9% during the first quarter. Jane Street Group LLC now owns 53,307 shares of the company’s stock worth $1,023,000 after acquiring an additional 22,658 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Invesco DB Base Metals Fund by 91.4% in the fourth quarter. Cetera Investment Advisers now owns 31,752 shares of the company’s stock worth $728,000 after acquiring an additional 15,161 shares during the period. 40.73% of the stock is currently owned by hedge funds and other institutional investors.

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.