Invesco DB Base Metals Fund (NYSEARCA:DBB) Shares Shorted: Short Interest Up 176.1% in September

Invesco DB Base Metals Fund (NYSEARCA:DBB) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 101,653 shares, a growth of 176.1% from the September 15th total of 36,814 shares. Based on an average daily volume of 233,222 shares, the short-interest ratio is currently 0.4 days. Currently, 0.7% of the shares of the company are short sold.

Invesco DB Base Metals Fund Stock Performance

Invesco DB Base Metals Fund stock traded down $0.02 during midday trading on Monday, reaching $25.14. 55,093 shares of the company’s stock were exchanged, compared to its average volume of 360,375. Invesco DB Base Metals Fund has a 52 week low of $20.66 and a 52 week high of $26.71. The firm has a market cap of $363.29 million, a price-to-earnings ratio of 3.20 and a beta of 0.54. The stock’s 50-day simple moving average is $25.48 and its 200 day simple moving average is $25.07.

Institutional Trading of Invesco DB Base Metals Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Invesco DB Base Metals Fund by 216.9% in the second quarter. The Manufacturers Life Insurance Company now owns 245,621 shares of the company’s stock valued at $5,919,000 after buying an additional 168,112 shares during the last quarter. Solstein Capital LLC boosted its stake in shares of Invesco DB Base Metals Fund by 26.2% during the 2nd quarter. Solstein Capital LLC now owns 158,890 shares of the company’s stock worth $3,829,000 after acquiring an additional 33,023 shares during the period. Camelot Technology Advisors Inc. increased its holdings in shares of Invesco DB Base Metals Fund by 17.3% during the 2nd quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock worth $841,000 after acquiring an additional 5,150 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Invesco DB Base Metals Fund by 70.7% during the 1st quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock worth $9,007,000 after acquiring an additional 158,721 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Invesco DB Base Metals Fund by 68.1% during the 1st quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock worth $860,000 after acquiring an additional 14,833 shares during the last quarter. Institutional investors own 40.73% of the company’s stock.

About Invesco DB Base Metals Fund

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.