Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) was the recipient of a large 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. Currently, 4.7% of the shares of the stock are short sold. Based on an average daily volume of 1,604,325 shares, the short-interest ratio is currently 1.7 days.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Orion Porfolio Solutions LLC grew its position in shares of Invesco DB Commodity Index Tracking Fund by 2.4% during the 4th quarter. Orion Porfolio Solutions LLC now owns 18,842 shares of the company’s stock valued at $421,000 after purchasing an additional 434 shares in the last quarter. Independent Advisor Alliance grew its position in Invesco DB Commodity Index Tracking Fund by 4.5% in the fourth quarter. Independent Advisor Alliance now owns 10,754 shares of the company’s stock worth $240,000 after acquiring an additional 461 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Invesco DB Commodity Index Tracking Fund by 2.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,084 shares of the company’s stock worth $449,000 after acquiring an additional 471 shares in the last quarter. Knollwood Investment Advisory LLC grew its position in Invesco DB Commodity Index Tracking Fund by 2.6% in the third quarter. Knollwood Investment Advisory LLC now owns 18,904 shares of the company’s stock worth $426,000 after acquiring an additional 479 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its position in Invesco DB Commodity Index Tracking Fund by 3.3% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 17,165 shares of the company’s stock worth $384,000 after acquiring an additional 547 shares in the last quarter. 48.28% of the stock is currently owned by hedge funds and other institutional investors.
Invesco DB Commodity Index Tracking Fund Trading Down 0.7%
Shares of DBC traded down $0.22 during mid-day trading on Thursday, reaching $31.15. 678,433 shares of the stock traded hands, compared to its average volume of 1,402,555. The firm has a fifty day moving average price of $29.05 and a 200 day moving average price of $25.35. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 5.00 and a beta of 0.10. Invesco DB Commodity Index Tracking Fund has a 1 year low of $20.78 and a 1 year high of $31.72.
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
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