Invesco DB Precious Metals Fund (NYSEARCA:DBP) Short Interest Update

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 697 shares, a decline of 98.0% from the June 30th total of 35,260 shares. Based on an average trading volume of 49,443 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of Invesco DB Precious Metals Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in DBP. Kestra Advisory Services LLC purchased a new position in Invesco DB Precious Metals Fund in the fourth quarter worth approximately $28,000. Financial Network Wealth Advisors LLC raised its position in Invesco DB Precious Metals Fund by 147.6% in the fourth 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. Geneos Wealth Management Inc. lifted its stake in shares of Invesco DB Precious Metals Fund by 42.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 905 shares of the company’s stock valued at $93,000 after purchasing an additional 270 shares during the last quarter. WestEnd Advisors LLC acquired a new position in shares of Invesco DB Precious Metals Fund in the 4th quarter valued at $117,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Invesco DB Precious Metals Fund in the 4th quarter valued at $208,000.

Invesco DB Precious Metals Fund Trading Up 0.3%

Invesco DB Precious Metals Fund stock traded up $0.27 during midday trading on Friday, hitting $92.88. 11,956 shares of the stock were exchanged, compared to its average volume of 20,525. The stock’s 50-day simple moving average is $98.55 and its 200 day simple moving average is $109.29. Invesco DB Precious Metals Fund has a fifty-two week low of $74.64 and a fifty-two week high of $140.76. The stock has a market capitalization of $236.84 million, a price-to-earnings ratio of 8.02 and a beta of 0.23.

Key Headlines Impacting Invesco DB Precious Metals Fund

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

• Positive Sentiment: Gold and silver moved higher as traders focused on falling Treasury yields, improving the near-term backdrop for precious metals. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: Spot gold spiked to around $4,070 an ounce after U.S. new home sales came in below expectations, reinforcing demand for defensive assets. Spot gold spikes to $4,070/oz high as U.S. new home sales rise 1.6% in June
• Positive Sentiment: China’s gold imports hit a two-year high, suggesting stronger physical demand after lower prices made bullion more attractive. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Neutral Sentiment: Short interest in DBP plunged sharply in July, which suggests bearish positioning has faded, but it is not a direct catalyst for bullion prices.
• Neutral Sentiment: Several market commentary pieces noted that gold is still struggling to sustain moves above key resistance levels, with higher rates and a stronger dollar continuing to cap upside. Gold Declines on Stronger Dollar, Fed Rate Hike Prospects
• Negative Sentiment: Some analysts warned that gold’s recent rebound remains fragile, with higher rates and a strong dollar limiting the chances of a sustained rally. Silver and gold prices stage a cautious rebound — but analysts see slim hopes for a sustained rally

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.