Invesco DB Oil Fund (NYSEARCA:DBO – Get Free Report) dropped 0.2% on Tuesday . The company traded as low as $14.05 and last traded at $14.09. Approximately 264,760 shares traded hands during trading, a decline of 33% from the average daily volume of 396,954 shares. The stock had previously closed at $14.12.
Invesco DB Oil Fund Price Performance
The company has a market cap of $236.26 million, a price-to-earnings ratio of 3.01 and a beta of 0.04. The stock has a 50 day simple moving average of $14.40 and a two-hundred day simple moving average of $14.98.
Hedge Funds Weigh In On Invesco DB Oil Fund
A number of institutional investors have recently bought and sold shares of DBO. Good Life Advisors LLC purchased a new stake in Invesco DB Oil Fund in the 3rd quarter valued at about $143,000. Valeo Financial Advisors LLC purchased a new stake in Invesco DB Oil Fund in the second quarter valued at approximately $173,000. BNP Paribas Financial Markets lifted its stake in Invesco DB Oil Fund by 1,584.7% during the third quarter. BNP Paribas Financial Markets now owns 23,586 shares of the company’s stock worth $329,000 after purchasing an additional 22,186 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of Invesco DB Oil Fund during the second quarter worth $334,000. Finally, Narus Financial Partners LLC boosted its holdings in Invesco DB Oil Fund by 3.3% during the 3rd quarter. Narus Financial Partners LLC now owns 167,496 shares of the company’s stock valued at $2,340,000 after acquiring an additional 5,315 shares during the period.
Invesco DB Oil Fund Company Profile
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.
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