Short Interest in Invesco DB Base Metals Fund (NYSEARCA:DBB) Declines By 87.8%

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 112,850 shares, a drop of 87.8% from the May 14th total of 927,823 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 464,153 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DBB. MAI Capital Management purchased a new position in Invesco DB Base Metals Fund in the third quarter worth about $31,000. Fifth Third Bancorp purchased a new position in Invesco DB Base Metals Fund in the first quarter worth about $35,000. Raymond James Financial Inc. purchased a new position in Invesco DB Base Metals Fund in the second quarter worth about $62,000. Aptus Capital Advisors LLC purchased a new position in Invesco DB Base Metals Fund in the fourth quarter worth about $93,000. Finally, Kestra Advisory Services LLC purchased a new position in Invesco DB Base Metals Fund in the fourth quarter worth about $103,000. 40.73% of the stock is owned by hedge funds and other institutional investors.

Invesco DB Base Metals Fund Stock Up 1.6%

NYSEARCA:DBB traded up $0.41 on Thursday, hitting $25.46. The stock had a trading volume of 520,678 shares, compared to its average volume of 469,757. The stock has a market cap of $315.70 million, a price-to-earnings ratio of 3.20 and a beta of 0.52. The business’s 50-day simple moving average is $25.22 and its two-hundred day simple moving average is $24.00. Invesco DB Base Metals Fund has a 52-week low of $17.81 and a 52-week 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.