Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Short Interest Down 76.8% in May

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 827,357 shares, a drop of 76.8% from the May 14th total of 3,567,364 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,090,456 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Invesco DB Commodity Index Tracking Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 17.5% during the 1st quarter. NewEdge Advisors LLC now owns 25,088 shares of the company’s stock worth $726,000 after purchasing an additional 3,739 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 76.7% during the 1st quarter. Royal Bank of Canada now owns 146,926 shares of the company’s stock worth $4,253,000 after purchasing an additional 63,778 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 3.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 143,440 shares of the company’s stock worth $4,153,000 after purchasing an additional 4,991 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 1.3% during the 1st quarter. Cetera Investment Advisers now owns 250,997 shares of the company’s stock worth $7,266,000 after purchasing an additional 3,223 shares in the last quarter. Finally, Militia Capital Management LLC acquired a new stake in shares of Invesco DB Commodity Index Tracking Fund during the 1st quarter worth approximately $1,527,000. Institutional investors and hedge funds own 48.28% of the company’s stock.

Invesco DB Commodity Index Tracking Fund Trading Down 1.1%

DBC traded down $0.32 during midday trading on Thursday, reaching $28.85. The company’s stock had a trading volume of 1,377,427 shares, compared to its average volume of 1,352,317. The stock has a market cap of $1.66 billion, a P/E ratio of 5.00 and a beta of 0.08. The company has a fifty day simple moving average of $29.89 and a 200 day simple moving average of $26.42. Invesco DB Commodity Index Tracking Fund has a twelve month low of $21.59 and a twelve month high of $31.79.

About Invesco DB Commodity Index Tracking Fund

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