Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Up 762.3% in May

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 927,823 shares, an increase of 762.3% from the April 30th total of 107,598 shares. Based on an average daily trading volume, of 433,339 shares, the short-interest ratio is presently 2.1 days. Approximately 7.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MAI Capital Management bought a new position in shares of Invesco DB Base Metals Fund during the 3rd quarter worth about $31,000. Fifth Third Bancorp bought a new position in Invesco DB Base Metals Fund in the 1st quarter valued at about $35,000. HighTower Advisors LLC lifted its position in 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 acquiring an additional 2,038 shares in the last quarter. Cetera Investment Advisers lifted its position in Invesco DB Base Metals Fund by 6.6% in the 1st quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock valued at $795,000 after acquiring an additional 2,098 shares in the last quarter. Finally, Modern Wealth Management LLC lifted its position in Invesco DB Base Metals Fund by 4.1% in the 3rd quarter. Modern Wealth Management LLC now owns 63,340 shares of the company’s stock valued at $1,301,000 after acquiring an additional 2,500 shares in the last quarter. 40.73% of the stock is currently owned by institutional investors.

Invesco DB Base Metals Fund Price Performance

DBB stock opened at $25.97 on Friday. The business has a fifty day moving average price of $24.70 and a 200 day moving average price of $23.71. Invesco DB Base Metals Fund has a fifty-two week low of $17.81 and a fifty-two week high of $26.49. The stock has a market capitalization of $322.03 million, a price-to-earnings ratio of 3.20 and a beta of 0.51.

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.