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

Invesco DB Precious Metals Fund (NYSEARCA:DBP) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 6,111 shares, a decrease of 53.4% from the August 15th total of 13,125 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,082 shares, the short-interest ratio is currently 1.0 days.

Invesco DB Precious Metals Fund Trading Up 0.4%

Shares of DBP traded up $0.41 on Tuesday, reaching $98.98. 15,913 shares of the company’s stock traded hands, compared to its average volume of 18,184. The stock’s 50 day simple moving average is $98.38 and its two-hundred day simple moving average is $104.82. The stock has a market cap of $257.35 million, a PE ratio of 8.02 and a beta of 0.24. Invesco DB Precious Metals Fund has a 52-week low of $83.02 and a 52-week high of $140.76.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Large investors have recently made changes to their positions in the business. Power Wealth Management LLC grew its position in Invesco DB Precious Metals Fund by 468.3% during the second quarter. Power Wealth Management LLC now owns 11,343 shares of the company’s stock valued at $1,049,000 after buying an additional 9,347 shares during the period. Royal Bank of Canada raised its position in Invesco DB Precious Metals Fund by 44.1% in the first quarter. Royal Bank of Canada now owns 9,878 shares of the company’s stock worth $1,087,000 after acquiring an additional 3,025 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Invesco DB Precious Metals Fund by 4.0% in the first quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock valued at $15,311,000 after acquiring an additional 5,396 shares during the last quarter. Gateway Wealth Partners LLC grew its position in shares of Invesco DB Precious Metals Fund by 103.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock valued at $708,000 after acquiring an additional 3,271 shares during the period. Finally, Gibbs Wealth Management grew its position in shares of Invesco DB Precious Metals Fund by 52.8% during the 1st quarter. Gibbs Wealth Management now owns 4,944 shares of the company’s stock valued at $544,000 after acquiring an additional 1,709 shares during the period.

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.