Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Short Interest Up 245.1% in April

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 2,712,056 shares, a growth of 245.1% from the April 15th total of 785,966 shares. Based on an average daily trading volume, of 1,604,325 shares, the days-to-cover ratio is presently 1.7 days. Approximately 4.7% of the shares of the stock are short sold.

Invesco DB Commodity Index Tracking Fund Stock Up 0.1%

Shares of Invesco DB Commodity Index Tracking Fund stock traded up $0.04 during trading hours on Friday, reaching $31.19. 832,168 shares of the company’s stock were exchanged, compared to its average volume of 1,396,429. Invesco DB Commodity Index Tracking Fund has a 1 year low of $20.78 and a 1 year high of $31.72. The company has a market capitalization of $1.79 billion, a P/E ratio of 5.00 and a beta of 0.10. The business has a fifty day moving average of $29.25 and a two-hundred day moving average of $25.45.

Institutional Investors Weigh In On Invesco DB Commodity Index Tracking Fund

Hedge funds have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 555.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,180 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares during the period. Jessup Wealth Management Inc purchased a new stake in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust purchased a new stake in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at about $46,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at about $48,000. Finally, Caitlin John LLC purchased a new stake in shares of Invesco DB Commodity Index Tracking Fund in the third quarter valued at about $53,000. Hedge funds and other institutional investors own 48.28% of the company’s stock.

Invesco DB Commodity Index Tracking Fund Company Profile

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. Deutsche Bank offers unparalleled financial services in countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people