Short Interest in Invesco DB Energy Fund (NYSEARCA:DBE) Declines By 52.9%

Invesco DB Energy Fund (NYSEARCA:DBE) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 9,420 shares, a drop of 52.9% from the July 30th total of 20,016 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 39,122 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco DB Energy Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its holdings in shares of Invesco DB Energy Fund by 29.1% in the 2nd quarter. Cetera Investment Advisers now owns 29,178 shares of the exchange traded fund’s stock valued at $544,000 after buying an additional 6,578 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Invesco DB Energy Fund by 248.0% during the second quarter. The Manufacturers Life Insurance Company now owns 94,589 shares of the exchange traded fund’s stock valued at $1,762,000 after acquiring an additional 67,405 shares during the last quarter. Jane Street Group LLC boosted its stake 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 acquiring an additional 30,203 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco DB Energy Fund by 23.9% in the second quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 16,234 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Invesco DB Energy Fund by 3.7% during the second quarter. Bank of America Corp DE now owns 56,181 shares of the exchange traded fund’s stock worth $1,047,000 after purchasing an additional 1,993 shares in the last quarter.

Invesco DB Energy Fund Stock Performance

Invesco DB Energy Fund stock remained flat at $32.24 during mid-day trading on Friday. The company’s stock had a trading volume of 34,551 shares, compared to its average volume of 60,328. The firm has a market cap of $101.56 million, a price-to-earnings ratio of 3.72 and a beta of -0.07. The firm’s 50-day moving average is $29.68 and its two-hundred day moving average is $28.66. Invesco DB Energy Fund has a one year low of $17.01 and a one year high of $34.36.

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).