Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Expands By 262.0%

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 729,268 shares, a growth of 262.0% from the February 26th total of 201,451 shares. Approximately 6.3% of the company’s stock are short sold. Based on an average daily trading volume, of 530,128 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 530,128 shares, the days-to-cover ratio is currently 1.4 days. Approximately 6.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in Invesco DB Base Metals Fund by 114.6% in the 1st quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock valued at $1,664,000 after purchasing an additional 46,328 shares during the last quarter. Jane Street Group LLC increased its position in 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 buying an additional 22,658 shares during the last quarter. Cetera Investment Advisers bought a new stake in Invesco DB Base Metals Fund in the second quarter valued at approximately $420,000. The Manufacturers Life Insurance Company raised its stake in Invesco DB Base Metals Fund by 1,518.5% in the second quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock valued at $6,497,000 after buying an additional 314,708 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Invesco DB Base Metals Fund in the second quarter valued at approximately $62,000. 40.73% of the stock is currently owned by institutional investors and hedge funds.

Invesco DB Base Metals Fund Trading Down 0.4%

NYSEARCA DBB opened at $22.77 on Wednesday. The firm’s fifty day moving average price is $23.89 and its two-hundred day moving average price is $22.44. Invesco DB Base Metals Fund has a 1 year low of $17.13 and a 1 year high of $26.02. The firm has a market capitalization of $264.13 million, a P/E ratio of 3.20 and a beta of 0.56.

Invesco DB Base Metals Fund Company Profile

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.