Invesco DB Base Metals Fund (NYSEARCA:DBB) Sees Significant 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 June. As of June 15th, there was short interest totaling 422,375 shares, a growth of 274.3% from the May 31st total of 112,850 shares. Based on an average trading volume of 465,621 shares, the short-interest ratio is presently 0.9 days. Currently, 3.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Invesco DB Base Metals Fund by 49.8% in the fourth quarter. Wells Fargo & Company MN now owns 440,486 shares of the company’s stock valued at $10,105,000 after purchasing an additional 146,416 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco DB Base Metals Fund by 70.7% during the first quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock worth $9,007,000 after purchasing an additional 158,721 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Invesco DB Base Metals Fund by 1,518.5% in the 2nd 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. HighTower Advisors LLC increased its position in shares of Invesco DB Base Metals Fund by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock valued at $5,644,000 after buying an additional 2,038 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Invesco DB Base Metals Fund by 22.5% in the 4th quarter. LPL Financial LLC now owns 121,968 shares of the company’s stock valued at $2,798,000 after buying an additional 22,364 shares in the last quarter. Institutional investors own 40.73% of the company’s stock.

Invesco DB Base Metals Fund Stock Up 0.5%

NYSEARCA DBB traded up $0.11 on Friday, reaching $24.27. The company had a trading volume of 372,703 shares, compared to its average volume of 457,035. The stock has a market cap of $300.95 million, a price-to-earnings ratio of 3.20 and a beta of 0.52. Invesco DB Base Metals Fund has a 52 week low of $17.81 and a 52 week high of $26.71. The stock’s 50 day moving average is $25.41 and its 200-day moving average is $24.23.

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.