Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Invesco DB Commodity Index Tracking ETF (DBC) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco DB Commodity Index Tracking ETF (DBC) - free report >>
Image: Bigstock
Commodity ETF (DBC) Hits New 52-Week High
For investors seeking momentum, Invesco DB Commodity Index Tracking Fund (DBC - Free Report) is probably on the radar. The fund just hit a 52-week high and is up 43% from its 52-week low price of $15.83 per share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
DBC in Focus
Invesco DB Commodity Index Tracking Fund invests in a rules-based index composed of futures contracts on 14 of the most heavily traded and important physical commodities in the world. It charges 87 bps in annual fees from investors (see: all the Broad Commodity ETFs here).
Why the Move?
The commodity market has been an area to watch lately, given the spike in prices. Recovering demand following COVID-19, supply chain disruptions, government policy and adverse weather have all contributed to tightening in markets, thereby pushing prices higher.
More Gains Ahead?
It seems that DBC might remain strong, given a weighted alpha of 41.90 and 20-day volatility of 9.84%. As a result, there is still some promise for risk-aggressive investors who want to ride on this surging ETF.