Invesco DB Base Metals Fund (NYSEARCA:DBB) Sees Significant Growth in Short Interest

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 197,187 shares, an increase of 69.2% from the November 30th total of 116,541 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 351,919 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 351,919 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP raised its holdings in Invesco DB Base Metals Fund by 14.3% during the 3rd quarter. Susquehanna International Group LLP now owns 22,866 shares of the company’s stock worth $470,000 after purchasing an additional 2,866 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Invesco DB Base Metals Fund by 100.0% during the third quarter. Ancora Advisors LLC now owns 5,200 shares of the company’s stock valued at $107,000 after purchasing an additional 2,600 shares during the period. Modern Wealth Management LLC raised its stake in Invesco DB Base Metals Fund by 4.1% during the 3rd quarter. Modern Wealth Management LLC now owns 63,340 shares of the company’s stock worth $1,301,000 after buying an additional 2,500 shares during the period. Solstein Capital LLC lifted its holdings in shares of Invesco DB Base Metals Fund by 74.1% in the 3rd quarter. Solstein Capital LLC now owns 76,293 shares of the company’s stock worth $1,567,000 after purchasing an additional 32,466 shares in the last quarter. Finally, MAI Capital Management bought a new position in shares of Invesco DB Base Metals Fund in the third quarter valued at $31,000. 40.73% of the stock is owned by institutional investors and hedge funds.

Invesco DB Base Metals Fund Trading Up 2.1%

DBB traded up $0.48 on Friday, reaching $22.87. The stock had a trading volume of 1,414,653 shares, compared to its average volume of 89,245. The firm has a 50-day moving average of $21.87 and a 200-day moving average of $20.51. Invesco DB Base Metals Fund has a fifty-two week low of $17.13 and a fifty-two week high of $22.92. The company has a market capitalization of $146.37 million, a price-to-earnings ratio of 3.20 and a beta of 0.56.

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.