Invesco DB Oil Fund (NYSEARCA:DBO) Sees Significant Growth in Short Interest

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 119,238 shares, an increase of 233.8% from the December 31st total of 35,717 shares. Based on an average daily trading volume, of 428,335 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 428,335 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco DB Oil Fund

Institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its stake in Invesco DB Oil Fund by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 194,731 shares of the company’s stock valued at $2,574,000 after purchasing an additional 1,299 shares during the period. Allegheny Financial Group increased its position in Invesco DB Oil Fund by 8.5% in the 3rd quarter. Allegheny Financial Group now owns 21,134 shares of the company’s stock valued at $284,000 after acquiring an additional 1,656 shares during the period. Cetera Investment Advisers raised its stake in Invesco DB Oil Fund by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 39,771 shares of the company’s stock valued at $526,000 after acquiring an additional 1,769 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Invesco DB Oil Fund in the 3rd quarter valued at approximately $28,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Invesco DB Oil Fund during the third quarter worth approximately $43,000.

Invesco DB Oil Fund Stock Up 1.3%

DBO traded up $0.18 on Wednesday, hitting $13.52. The company had a trading volume of 461,607 shares, compared to its average volume of 432,817. The company has a market cap of $226.46 million, a PE ratio of 2.38 and a beta of 0.43. Invesco DB Oil Fund has a 12-month low of $11.59 and a 12-month high of $14.94. The business’s fifty day simple moving average is $12.63 and its 200 day simple moving average is $13.12.

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Invesco DB Oil Fund Company Profile

(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.

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