Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Down 20.0% in February

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 201,451 shares, a decline of 20.0% from the February 12th total of 251,661 shares. Based on an average daily trading volume, of 223,689 shares, the short-interest ratio is presently 0.9 days. Currently, 1.7% of the company’s stock are sold short. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 223,689 shares, the short-interest ratio is presently 0.9 days.

Invesco DB Base Metals Fund Trading Down 1.1%

DBB stock traded down $0.27 during trading on Tuesday, reaching $23.84. 192,402 shares of the stock were exchanged, compared to its average volume of 471,173. The firm’s 50 day moving average is $24.00 and its 200 day moving average is $22.31. The firm has a market cap of $276.54 million, a P/E ratio of 3.20 and a beta of 0.56. Invesco DB Base Metals Fund has a twelve month low of $17.13 and a twelve month high of $26.02.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

A number of large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in Invesco DB Base Metals Fund by 1,518.5% during the second quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock worth $6,497,000 after buying an additional 314,708 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Invesco DB Base Metals Fund by 49.8% during the fourth quarter. Wells Fargo & Company MN now owns 440,486 shares of the company’s stock worth $10,105,000 after acquiring an additional 146,416 shares in the last quarter. Leo Wealth LLC acquired a new stake in shares of Invesco DB Base Metals Fund in the 4th quarter worth about $1,364,000. Royal Bank of Canada raised its holdings in shares of Invesco DB Base Metals Fund by 114.6% in the 1st quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock worth $1,664,000 after acquiring an additional 46,328 shares during the last quarter. Finally, Solstein Capital LLC lifted its position in 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 valued at $1,567,000 after acquiring an additional 32,466 shares in the last quarter. 40.73% of the stock is currently owned by institutional investors.

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.