Short Interest in Invesco DB Oil Fund (NYSEARCA:DBO) Drops By 31.0%

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 13,511 shares, a decline of 31.0% from the February 12th total of 19,591 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 683,957 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 683,957 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Trending Headlines about Invesco DB Oil Fund

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

Invesco DB Oil Fund Stock Performance

Invesco DB Oil Fund stock traded down $0.01 during mid-day trading on Friday, reaching $20.55. 2,109,027 shares of the company were exchanged, compared to its average volume of 1,341,622. The firm has a market cap of $341.13 million, a P/E ratio of 2.38 and a beta of 0.43. The business has a fifty day moving average of $14.26 and a 200 day moving average of $13.45. Invesco DB Oil Fund has a 12-month low of $11.59 and a 12-month high of $20.68.

Hedge Funds Weigh In On Invesco DB Oil Fund

Large investors have recently added to or reduced their stakes in the company. Cadence Wealth Management LLC bought a new stake in shares of Invesco DB Oil Fund in the 2nd quarter valued at about $142,000. Quent Capital LLC bought a new position in shares of Invesco DB Oil Fund during the 3rd quarter worth approximately $43,000. AE Wealth Management LLC bought a new position in shares of Invesco DB Oil Fund during the 3rd quarter worth approximately $70,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Invesco DB Oil Fund by 18.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,800 shares of the company’s stock valued at $1,620,000 after acquiring an additional 20,300 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Invesco DB Oil Fund in the fourth quarter valued at approximately $33,000.

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.

Featured Articles

Receive News & Ratings for Invesco DB Oil Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Oil Fund and related companies with MarketBeat.com's FREE daily email newsletter.