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

Invesco DB Energy Fund (NYSEARCA:DBE) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 9,573 shares, a decrease of 90.0% from the April 30th total of 96,126 shares. Based on an average daily trading volume, of 78,111 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the company’s stock are sold short.

Invesco DB Energy Fund Stock Down 1.2%

DBE traded down $0.37 during trading on Friday, hitting $30.07. 45,555 shares of the company’s stock were exchanged, compared to its average volume of 69,206. The business’s 50 day moving average is $30.63 and its two-hundred day moving average is $23.53. Invesco DB Energy Fund has a fifty-two week low of $17.01 and a fifty-two week high of $34.36. The stock has a market cap of $87.20 million, a P/E ratio of 3.72 and a beta of -0.03.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in Invesco DB Energy Fund by 333.3% during the first quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock worth $6,782,000 after buying an additional 177,032 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Invesco DB Energy Fund by 30.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 126,713 shares of the exchange traded fund’s stock worth $3,734,000 after acquiring an additional 29,575 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of 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 worth $1,752,000 after acquiring an additional 66,537 shares in the last quarter. Equitable Holdings Inc. grew its stake in shares of Invesco DB Energy Fund by 18.1% in the 4th quarter. Equitable Holdings Inc. now owns 88,378 shares of the exchange traded fund’s stock worth $1,544,000 after acquiring an additional 13,564 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Invesco DB Energy Fund by 23.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock worth $1,566,000 after acquiring an additional 16,234 shares in the last quarter.

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).