Invesco DB Base Metals Fund (NYSEARCA:DBB) Sees Large Decline in Short Interest

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 349,670 shares, a drop of 20.2% from the January 15th total of 438,036 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 560,115 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 560,115 shares, the short-interest ratio is presently 0.6 days. Approximately 3.0% of the company’s stock are sold short.

Invesco DB Base Metals Fund Price Performance

Shares of NYSEARCA DBB opened at $23.58 on Friday. The company has a market cap of $273.53 million, a price-to-earnings ratio of 3.20 and a beta of 0.56. The stock’s 50-day moving average is $23.39 and its two-hundred day moving average is $21.62. Invesco DB Base Metals Fund has a 1-year low of $17.13 and a 1-year high of $26.02.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ignite Planners LLC boosted its stake in Invesco DB Base Metals Fund by 2.7% during the 3rd quarter. Ignite Planners LLC now owns 19,029 shares of the company’s stock worth $391,000 after purchasing an additional 494 shares during the period. MAI Capital Management purchased a new stake in shares of Invesco DB Base Metals Fund during the 3rd quarter worth approximately $31,000. HighTower Advisors LLC grew its holdings in Invesco DB Base Metals Fund by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock valued at $5,644,000 after purchasing an additional 2,038 shares during the last quarter. Modern Wealth Management LLC grew its stake 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 during the last quarter. Finally, Ancora Advisors LLC raised its position in shares of Invesco DB Base Metals Fund by 100.0% during the 3rd quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock worth $107,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 40.73% of the company’s stock.

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.