Invesco DB Energy Fund (NYSEARCA:DBE) Sees Significant Growth in Short Interest

Invesco DB Energy Fund (NYSEARCA:DBE) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 74,724 shares, an increase of 592.6% from the February 26th total of 10,789 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 100,933 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 100,933 shares, the days-to-cover ratio is presently 0.7 days. Approximately 3.2% of the company’s shares are sold short.

Invesco DB Energy Fund Price Performance

DBE traded up $1.00 during trading hours on Tuesday, reaching $28.94. The company’s stock had a trading volume of 96,101 shares, compared to its average volume of 45,286. The stock has a market cap of $68.01 million, a PE ratio of 3.72 and a beta of 0.26. Invesco DB Energy Fund has a fifty-two week low of $16.22 and a fifty-two week high of $30.73. The business’s 50-day moving average is $21.85 and its 200-day moving average is $19.77.

Hedge Funds Weigh In On Invesco DB Energy Fund

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Invesco DB Energy Fund by 248.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 94,589 shares of the exchange traded fund’s stock worth $1,762,000 after purchasing an additional 67,405 shares during the period. Susquehanna International Group LLP raised its holdings in Invesco DB Energy Fund by 260.0% in the 3rd quarter. Susquehanna International Group LLP now owns 92,125 shares of the exchange traded fund’s stock valued at $1,752,000 after buying an additional 66,537 shares during the period. M Holdings Securities Inc. acquired a new position in Invesco DB Energy Fund in the second quarter valued at about $1,015,000. Jane Street Group LLC lifted its position in Invesco DB Energy Fund by 180.0% in the second quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock valued at $875,000 after buying an additional 30,203 shares during the last quarter. Finally, Blueprint Investment Partners LLC purchased a new position in Invesco DB Energy Fund during the third quarter worth about $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).