Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Update

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 119,148 shares, a drop of 39.6% from the December 15th total of 197,187 shares. Based on an average daily volume of 329,298 shares, the short-interest ratio is currently 0.4 days. Approximately 1.3% of the shares of the stock are sold short. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 329,298 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several large investors have recently modified their holdings of the business. MAI Capital Management purchased a new position in shares of Invesco DB Base Metals Fund in the 3rd quarter worth $31,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco DB Base Metals Fund during the second quarter worth $62,000. Ancora Advisors LLC boosted its stake in Invesco DB Base Metals Fund by 100.0% in the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after acquiring an additional 2,600 shares during the period. WestEnd Advisors LLC acquired a new stake in Invesco DB Base Metals Fund in the third quarter worth $110,000. Finally, Jones Financial Companies Lllp lifted its position in Invesco DB Base Metals Fund by 3,851.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,599 shares of the company’s stock valued at $134,000 after purchasing an additional 6,432 shares during the last quarter. Institutional investors and hedge funds own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Stock Down 2.2%

DBB traded down $0.53 during trading on Friday, reaching $23.76. The company had a trading volume of 243,139 shares, compared to its average volume of 411,804. Invesco DB Base Metals Fund has a 52 week low of $17.13 and a 52 week high of $24.56. The stock has a market cap of $236.41 million, a P/E ratio of 3.20 and a beta of 0.56. The business has a 50 day simple moving average of $22.48 and a 200-day simple moving average of $20.98.

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.