Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Update

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 251,661 shares, a decline of 28.0% from the January 29th total of 349,670 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average trading volume of 566,119 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 566,119 shares, the short-interest ratio is presently 0.4 days. Currently, 2.2% of the shares of the stock are short sold.

Invesco DB Base Metals Fund Stock Performance

Shares of NYSEARCA DBB opened at $24.18 on Friday. The stock has a market capitalization of $280.49 million, a P/E ratio of 3.20 and a beta of 0.56. The stock’s fifty day moving average is $23.69 and its 200 day moving average is $21.93. Invesco DB Base Metals Fund has a 52 week low of $17.13 and a 52 week high of $26.02.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several hedge funds and other institutional investors have recently made changes to their positions in DBB. Ignite Planners LLC lifted its holdings in shares of 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 acquiring an additional 494 shares during the period. MAI Capital Management acquired a new position in Invesco DB Base Metals Fund during the third quarter valued at approximately $31,000. HighTower Advisors LLC lifted its stake in Invesco DB Base Metals Fund by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 246,042 shares of the company’s stock worth $5,644,000 after purchasing an additional 2,038 shares during the last quarter. Modern Wealth Management LLC lifted its stake in Invesco DB Base Metals Fund by 4.1% during the third quarter. Modern Wealth Management LLC now owns 63,340 shares of the company’s stock worth $1,301,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in shares of Invesco DB Base Metals Fund by 100.0% in the 3rd 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 in the last quarter. 40.73% of the stock is currently owned by institutional investors and hedge funds.

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.