Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 73,985 shares, a growth of 153.6% from the August 15th total of 29,177 shares. Based on an average trading volume of 199,811 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the company’s shares are sold short.
Invesco DB Base Metals Fund Trading Up 0.3%
Shares of NYSEARCA DBB opened at $25.41 on Friday. The firm has a fifty day simple moving average of $25.16 and a two-hundred day simple moving average of $24.85. The firm has a market capitalization of $367.17 million, a PE ratio of 3.20 and a beta of 0.53. Invesco DB Base Metals Fund has a 12 month low of $19.95 and a 12 month high of $26.71.
Institutional Investors Weigh In On Invesco DB Base Metals Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DBB. Fifth Third Bancorp bought a new stake in shares of Invesco DB Base Metals Fund in the first quarter worth $35,000. Raymond James Financial Inc. purchased a new stake in Invesco DB Base Metals Fund during the second quarter valued at approximately $62,000. Aptus Capital Advisors LLC purchased a new position in shares of Invesco DB Base Metals Fund during the 4th quarter worth $93,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco DB Base Metals Fund in the 4th quarter worth $103,000. Finally, Ancora Advisors LLC lifted its position in Invesco DB Base Metals Fund by 100.0% during the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after purchasing an additional 2,600 shares in the last quarter. 40.73% of the stock is 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.
See Also
- Five stocks we like better than Invesco DB Base Metals Fund
- Nasdaq’s $100 Million Kraken Bet Prepares It for a Market That Never Closes
- Copper’s Record Rally Highlights a Deeper Supply Problem
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
Receive News & Ratings for Invesco DB Base Metals Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Base Metals Fund and related companies with MarketBeat.com's FREE daily email newsletter.
