Short Interest in Invesco DB Energy Fund (NYSEARCA:DBE) Declines By 96.5%

Invesco DB Energy Fund (NYSEARCA:DBE) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 5,387 shares, a drop of 96.5% from the December 15th total of 154,931 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 20,351 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 20,351 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Invesco DB Energy Fund Stock Performance

NYSEARCA:DBE traded up $0.28 during trading hours on Monday, reaching $17.88. The company’s stock had a trading volume of 14,200 shares, compared to its average volume of 14,243. The stock has a 50 day moving average price of $18.47 and a two-hundred day moving average price of $18.81. The company has a market capitalization of $42.02 million, a P/E ratio of 3.72 and a beta of 0.26. Invesco DB Energy Fund has a 12 month low of $16.22 and a 12 month high of $20.72.

Institutional Investors Weigh In On Invesco DB Energy Fund

Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP boosted its position in Invesco DB Energy Fund by 260.0% during the third quarter. Susquehanna International Group LLP now owns 92,125 shares of the exchange traded fund’s stock valued at $1,752,000 after purchasing an additional 66,537 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Invesco DB Energy Fund during the third quarter valued at about $221,000. Bank of America Corp DE boosted its holdings in shares of Invesco DB Energy Fund by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 56,972 shares of the exchange traded fund’s stock valued at $1,084,000 after buying an additional 791 shares in the last quarter. Equitable Holdings Inc. grew its position in shares of Invesco DB Energy Fund by 8.4% in the 3rd quarter. Equitable Holdings Inc. now owns 74,814 shares of the exchange traded fund’s stock worth $1,423,000 after buying an additional 5,770 shares during the last quarter. Finally, Blueprint Financial Advisors LLC bought a new position in shares of Invesco DB Energy Fund during the 3rd quarter worth approximately $310,000.

Invesco DB Energy Fund Company Profile

PowerShares DB Energy Fund (the Fund) is based on the Deutsche Bank Liquid Commodity Index – Optimum Yield Energy Excess Return (the Index). The Index is a rules-based index composed of futures contracts on some of the most heavily traded energy commodities in the world-light sweet crude oil (WTI), heating oil, brent crude oil, reformulated blendstock for oxygenate blending (RBOB) gasoline and natural gas. The Index is intended to reflect the performance of the energy sector. The Fund is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust).