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

Invesco DB Base Metals Fund (NYSEARCA:DBB) saw 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. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 233,222 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

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

Invesco DB Base Metals Fund Stock Performance

Shares of NYSEARCA:DBB traded down $0.19 on Wednesday, hitting $24.85. 29,498 shares of the company were exchanged, compared to its average volume of 357,879. The company’s 50 day moving average price is $25.48 and its two-hundred day moving average price is $25.10. Invesco DB Base Metals Fund has a one year low of $20.74 and a one year high of $26.71. The firm has a market capitalization of $359.14 million, a price-to-earnings ratio of 3.20 and a beta of 0.54.

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.