DBP Stock Summary and Trading Ideas (Invesco Db Precious Metals | ARCA:DBP)

The Invesco DB Precious Metals Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Precious Metals Index Excess Return, (DBIQ Opt Yield Precious 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 two of the most important precious metals gold and silver. The Fund and the Index are rebalanced and reconstituted annually in November.

Invesco Db Precious Metals trades on the ARCA stock market under the symbol DBP.

As of April 26, 2024, DBP stock price climbed to $56.85 with 1,899 million shares trading.

DBP has a market cap of $144.97 million. This is considered a Micro Cap stock.

In the last 3 years, DBP stock traded as high as $59.37 and as low as $41.84.

DBP has underperformed the market in the last year with a price return of +14.4% while the SPY ETF gained +27.4%. However, in the short term, DBP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.8% vs +4.6% return in SPY. But in the last 2 weeks, DBP shares have been beat by the market, returning -0.7% compared to an SPY return of -0.5%.

DBP support price is $56.06 and resistance is $57.46 (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 DBP stock will trade within this expected range on the day.