Short Interest in Invesco DB Oil Fund (NYSEARCA:DBO) Decreases By 82.8%

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 35,717 shares, a decline of 82.8% from the December 15th total of 208,237 shares. Based on an average trading volume of 266,724 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 266,724 shares, the short-interest ratio is presently 0.1 days.

Invesco DB Oil Fund Stock Performance

Shares of Invesco DB Oil Fund stock traded up $0.39 on Tuesday, hitting $13.03. The company’s stock had a trading volume of 126,673 shares, compared to its average volume of 309,185. The firm has a fifty day moving average price of $12.65 and a 200-day moving average price of $13.17. Invesco DB Oil Fund has a 1 year low of $11.59 and a 1 year high of $15.93. The company has a market capitalization of $218.17 million, a price-to-earnings ratio of 2.38 and a beta of 0.43.

Key Invesco DB Oil Fund News

Here are the key news stories impacting Invesco DB Oil Fund this week:

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in Invesco DB Oil Fund by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 194,731 shares of the company’s stock valued at $2,574,000 after buying an additional 1,299 shares in the last quarter. Allegheny Financial Group boosted its holdings in Invesco DB Oil Fund by 8.5% in the 3rd quarter. Allegheny Financial Group now owns 21,134 shares of the company’s stock valued at $284,000 after purchasing an additional 1,656 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Invesco DB Oil Fund by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 39,771 shares of the company’s stock valued at $526,000 after buying an additional 1,769 shares during the period. Mather Group LLC. acquired a new stake in Invesco DB Oil Fund during the third quarter worth $28,000. Finally, McIlrath & Eck LLC acquired a new position in Invesco DB Oil Fund in the third quarter valued at about $43,000.

About Invesco DB Oil Fund

(Get Free Report)

PowerShares DB Oil Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund is a based on the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index). The Fund seeks to track the changes, whether positive or negative, in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index) over time, plus the excess, if any, of the Fund’s interest income from its holdings of United States Treasury Obligations and other high credit quality short-term fixed income securities over the expenses of the Fund.

Further Reading

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