Invesco DB Base Metals Fund (NYSEARCA:DBB) Short Interest Up 262.0% in March

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 729,268 shares, a growth of 262.0% from the February 26th total of 201,451 shares. Based on an average trading volume of 530,128 shares, the days-to-cover ratio is currently 1.4 days. Currently, 6.3% of the company’s stock are sold short.

Invesco DB Base Metals Fund Trading Down 0.9%

NYSEARCA:DBB opened at $22.81 on Friday. Invesco DB Base Metals Fund has a 12-month low of $17.13 and a 12-month high of $26.02. The firm has a market cap of $264.60 million, a PE ratio of 3.20 and a beta of 0.56. The stock has a fifty day moving average price of $23.83 and a 200 day moving average price of $22.45.

Institutional Trading of Invesco DB Base Metals Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of DBB. OneAscent Financial Services LLC purchased a new stake in Invesco DB Base Metals Fund during the fourth quarter worth approximately $493,000. HighTower Advisors LLC raised its holdings 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 in the last quarter. Leo Wealth LLC acquired a new stake in Invesco DB Base Metals Fund during the fourth quarter worth approximately $1,364,000. Cooper Investors PTY Ltd. purchased a new stake in shares of Invesco DB Base Metals Fund during the 4th quarter worth approximately $213,000. Finally, Modern Wealth Management LLC grew its position in shares of Invesco DB Base Metals Fund by 4.1% in the 3rd quarter. Modern Wealth Management LLC now owns 63,340 shares of the company’s stock valued at $1,301,000 after buying an additional 2,500 shares during the last quarter. 40.73% of the stock is currently owned by institutional investors and hedge funds.

Invesco DB Base Metals Fund Company Profile

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.