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

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 101,653 shares, a growth of 176.1% from the September 15th total of 36,814 shares. Based on an average daily volume of 233,222 shares, the short-interest ratio is currently 0.4 days. Approximately 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in Invesco DB Base Metals Fund in the 1st quarter worth approximately $35,000. Cetera Investment Advisers boosted 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 purchasing an additional 2,098 shares during the period. Park Edge Advisors LLC bought a new position in shares of Invesco DB Base Metals Fund in the first quarter worth approximately $808,000. Camelot Technology Advisors Inc. increased its stake in shares of Invesco DB Base Metals Fund by 17.3% in the second quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock worth $841,000 after purchasing an additional 5,150 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Invesco DB Base Metals Fund by 68.1% in the first quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock worth $860,000 after purchasing an additional 14,833 shares in the last quarter. 40.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco DB Base Metals Fund Price Performance

Shares of DBB traded down $0.11 on Tuesday, reaching $25.04. The company’s stock had a trading volume of 184,169 shares, compared to its average volume of 359,577. The stock’s 50 day simple moving average is $25.48 and its two-hundred day simple moving average is $25.09. The stock has a market capitalization of $361.83 million, a P/E ratio of 3.20 and a beta of 0.54. Invesco DB Base Metals Fund has a 12-month low of $20.66 and a 12-month high of $26.71.

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.