Invesco DB Precious Metals Fund (NYSEARCA:DBP) Stock Short Interest Report for September

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 28,262 shares, an increase of 257.1% from the September 15th total of 7,915 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 16,571 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DBP. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco DB Precious Metals Fund by 11.4% in the second quarter. Envestnet Asset Management Inc. now owns 125,677 shares of the company’s stock worth $11,622,000 after acquiring an additional 12,880 shares during the last quarter. Power Wealth Management LLC boosted its stake in shares of Invesco DB Precious Metals Fund by 468.3% in the 2nd quarter. Power Wealth Management LLC now owns 11,343 shares of the company’s stock valued at $1,049,000 after purchasing an additional 9,347 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Invesco DB Precious Metals Fund by 44.1% during the 1st quarter. Royal Bank of Canada now owns 9,878 shares of the company’s stock valued at $1,087,000 after purchasing an additional 3,025 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Invesco DB Precious Metals Fund by 4.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock valued at $15,311,000 after purchasing an additional 5,396 shares during the last quarter. Finally, Gateway Wealth Partners LLC grew its holdings in shares of Invesco DB Precious Metals Fund by 103.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock valued at $708,000 after purchasing an additional 3,271 shares during the last quarter.

Invesco DB Precious Metals Fund Stock Down 0.3%

Shares of DBP traded down $0.33 during midday trading on Tuesday, hitting $95.17. The company’s stock had a trading volume of 883 shares, compared to its average volume of 17,578. Invesco DB Precious Metals Fund has a one year low of $90.01 and a one year high of $140.76. The stock has a market capitalization of $247.44 million, a price-to-earnings ratio of 8.02 and a beta of 0.23. The company’s fifty day simple moving average is $100.07 and its two-hundred day simple moving average is $101.93.

Invesco DB Precious Metals Fund Company Profile

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.