DBB Stock Summary and Trading Ideas (Invesco Db Base Metals | ARCA:DBB)

The Invesco DB Base Metals Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Industrial Metals Index Excess Return, (DBIQ Opt Yield Industrial Metals Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on some of the most liquid and widely used base metals aluminum, zinc and copper (grade A). You cannot invest directly in the Index. The Fund and the Index are rebalanced and reconstituted annually in November.

Invesco Db Base Metals trades on the ARCA stock market under the symbol DBB.

As of April 24, 2024, DBB stock price climbed to $20.00 with 77,270 million shares trading.

DBB has a beta of 0.12, meaning it tends to be less sensitive to market movements. DBB has a correlation of 0.01 to the broad based SPY ETF.

DBB has a market cap of $145.00 million. This is considered a Micro Cap stock.

In the last 3 years, DBB stock traded as high as $27.01 and as low as $16.77.

DBB stock has underperformed the market in the last year with a return of +9.0%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DBB shares. However, DBB has outperformed the market in the last 3 month and 2 week periods, returning +14.4% and +3.6%, while SPY returned +4.6% and -2.7%, respectively. This indicates DBB has been having a stronger performance recently.

DBB support price is $19.63 and resistance is $20.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DBB stock will trade within this expected range on the day.