Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Down 47.4% in May

Invesco DB Precious Metals Fund (NYSEARCA:DBP) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 22,630 shares, a drop of 47.4% from the May 14th total of 43,008 shares. Based on an average daily volume of 11,534 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DBP. Financial Network Wealth Advisors LLC raised its position in shares of Invesco DB Precious Metals Fund by 147.6% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 307 shares of the company’s stock valued at $32,000 after purchasing an additional 183 shares during the period. Artesa Financial Group LLC bought a new stake in shares of Invesco DB Precious Metals Fund during the 4th quarter valued at $686,000. OneAscent Financial Services LLC raised its position in shares of Invesco DB Precious Metals Fund by 59.3% during the 4th quarter. OneAscent Financial Services LLC now owns 7,306 shares of the company’s stock valued at $751,000 after purchasing an additional 2,720 shares during the period. Pinebridge Investments LLC bought a new stake in shares of Invesco DB Precious Metals Fund during the 4th quarter valued at $3,293,000. Finally, Comerica Bank raised its position in shares of Invesco DB Precious Metals Fund by 0.9% during the 4th quarter. Comerica Bank now owns 21,878 shares of the company’s stock valued at $2,249,000 after purchasing an additional 196 shares during the period.

More Invesco DB Precious Metals Fund News

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

• Positive Sentiment: Gold and silver are rebounding from key support levels, with traders buying dips and gold showing early signs of a potential bottom. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Positive Sentiment: Geopolitical uncertainty remains supportive for precious metals, and CME’s plan for 24/7 gold trading highlights persistent demand for the asset class. CME to offer 24/7 gold and oil trading
• Positive Sentiment: Middle East tensions and safe-haven buying continue to support gold prices, helping offset some of the recent weakness. Gold Price Analysis – Gold Jumps at Open on Friday
• Neutral Sentiment: Better U.S. consumer sentiment and easing inflation expectations are keeping gold relatively steady, but the data is not strong enough to clearly change the broader trend. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
• Neutral Sentiment: Some analysts say gold is stabilizing near long-term support, but others warn that the metal still faces overhead resistance and may remain range-bound for now. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Negative Sentiment: Rising Fed hike bets, hotter inflation data, and a bearish technical setup such as a possible “death cross” are weighing on gold and could pressure DBP if bullion resumes its downtrend. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise
• Negative Sentiment: Gold recently hit a six-month low as traders priced in higher-for-longer interest rates, a major headwind for precious-metals funds. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

Invesco DB Precious Metals Fund Trading Up 0.1%

DBP stock traded up $0.09 on Friday, hitting $98.88. The company had a trading volume of 6,100 shares, compared to its average volume of 19,543. Invesco DB Precious Metals Fund has a 12-month low of $74.07 and a 12-month high of $140.76. The stock’s 50-day simple moving average is $108.67 and its 200 day simple moving average is $110.78. The stock has a market cap of $252.14 million, a price-to-earnings ratio of 8.02 and a beta of 0.19.

Invesco DB Precious Metals Fund Company Profile

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.