Short Interest in Invesco DB Precious Metals Fund (NYSEARCA:DBP) Drops By 57.8%

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 13,125 shares, a drop of 57.8% from the July 30th total of 31,117 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 12,517 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Invesco DB Precious Metals Fund in the 4th quarter valued at $28,000. Financial Network Wealth Advisors LLC raised its position in shares of Invesco DB Precious Metals Fund by 147.6% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 307 shares of the company’s stock valued at $32,000 after buying an additional 183 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Invesco DB Precious Metals Fund by 42.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 905 shares of the company’s stock valued at $93,000 after buying an additional 270 shares during the last quarter. MML Investors Services LLC acquired a new position in shares of Invesco DB Precious Metals Fund during the fourth quarter valued at about $225,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Invesco DB Precious Metals Fund by 4.6% in the second quarter. Raymond James Financial Inc. now owns 3,139 shares of the company’s stock valued at $236,000 after buying an additional 139 shares during the period.

Key Stories Impacting Invesco DB Precious Metals Fund

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

• Positive Sentiment: Gold has rebounded approximately 15% since June after a weak quarter, indicating renewed investor interest in precious metals. Gold is Glittering This Quarter
• Positive Sentiment: Ongoing demand for gold as a hedge against dollar debasement, fiscal concerns and geopolitical risks could provide downside support for DBP. Gold Rises as Dollar Debasement Trade Attracts Investors
• Neutral Sentiment: Technical analysts continue to identify potential upside toward the $4,774-$4,800 area if gold holds support near its 200-day moving average, although a breakout has not been confirmed. Gold Price Eyes $4,800 Breakout as Jackson Hole Decision Looms
• Neutral Sentiment: Markets are awaiting Kevin Warsh’s Jackson Hole remarks for clues on interest rates; his comments could drive sharp moves in both gold and silver. Gold Falls as Markets Await Jackson Hole
• Negative Sentiment: Warsh’s comments revived September rate-hike expectations, lifting the dollar and contributing to a roughly $235 four-session decline in gold. Gold also fell below its 200-day moving average, weakening the near-term technical outlook for DBP. Gold Price Breaks 200-Day Moving Average
• Negative Sentiment: Sticky inflation data has increased the risk of prolonged restrictive monetary policy, while gold has struggled near resistance around $4,700. Sticky PCE Puts Warsh and Fed in Focus

Invesco DB Precious Metals Fund Stock Down 3.3%

DBP stock traded down $3.52 during trading hours on Friday, hitting $102.98. The company’s stock had a trading volume of 3,745 shares, compared to its average volume of 18,958. The company has a market capitalization of $267.75 million, a PE ratio of 8.02 and a beta of 0.23. Invesco DB Precious Metals Fund has a 12 month low of $78.78 and a 12 month high of $140.76. The stock has a 50 day moving average price of $96.79 and a two-hundred day moving average price of $106.24.

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.