Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Up 178.3% in June

Invesco DB Precious Metals Fund (NYSEARCA:DBP) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 62,978 shares, an increase of 178.3% from the May 31st total of 22,630 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 15,684 shares, the short-interest ratio is currently 4.0 days.

Invesco DB Precious Metals Fund Trading Up 1.1%

Shares of DBP traded up $1.06 on Friday, reaching $93.50. 42,546 shares of the company’s stock traded hands, compared to its average volume of 18,971. The stock’s 50 day simple moving average is $105.76 and its two-hundred day simple moving average is $110.74. The stock has a market cap of $238.43 million, a PE ratio of 8.02 and a beta of 0.19. Invesco DB Precious Metals Fund has a 52-week low of $74.07 and a 52-week high of $140.76.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Several large investors have recently made changes to their positions in DBP. Wells Fargo & Company MN raised its holdings in shares of Invesco DB Precious Metals Fund by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 242,369 shares of the company’s stock worth $24,918,000 after purchasing an additional 7,238 shares during the period. Osaic Holdings Inc. lifted its position in shares of Invesco DB Precious Metals Fund by 2.6% during the 4th quarter. Osaic Holdings Inc. now owns 145,946 shares of the company’s stock valued at $15,005,000 after buying an additional 3,639 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Invesco DB Precious Metals Fund by 4.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock valued at $15,311,000 after buying an additional 5,396 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Invesco DB Precious Metals Fund by 201.7% during the 1st quarter. Jane Street Group LLC now owns 111,626 shares of the company’s stock worth $7,976,000 after acquiring an additional 74,630 shares during the period. Finally, Dorsey Wright & Associates grew its stake in shares of Invesco DB Precious Metals Fund by 101.4% during the 1st quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock worth $8,383,000 after acquiring an additional 38,349 shares during the period.

Invesco DB Precious Metals Fund News Summary

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

• Positive Sentiment: Gold and other precious metals bounced from the important $4,000 area, helped by falling Treasury yields and a softer U.S. dollar, which can support DBP. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Recent U.S. data showed easing inflation expectations and a weaker consumer-sentiment reading, which lifted gold to session highs near $4,080/oz and may help sentiment for precious-metals funds. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Positive Sentiment: Gold found support after PCE inflation data, suggesting buyers are still willing to defend lower levels, which could stabilize DBP if the bounce holds. Gold and Silver Price Forecast: PCE Data Triggers Rebound from Support
• Neutral Sentiment: Gold has been attempting to rebound from the $4,000 region, but the move is still fragile and depends on whether that level can hold as support. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Neutral Sentiment: Invesco DB Precious Metals Fund also disclosed a sharp increase in short interest in June, which signals rising bearish bets but is not by itself a direct fundamental catalyst.
• Negative Sentiment: Multiple technical reports say gold broke key trendline support and remains in a bearish structure, pointing to deeper downside risk for precious-metals exposure like DBP. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Gold also weakened earlier in the week, with analysts noting that the metal has repeatedly fallen below $4,000 and could have further to drop if risk aversion continues. Gold Declines; Prices Could Have Further to Fall

About Invesco DB Precious Metals Fund

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.