Short Interest in Invesco DB Energy Fund (NYSEARCA:DBE) Increases By 68.7%

Invesco DB Energy Fund (NYSEARCA:DBEGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 9,086 shares, an increase of 68.7% from the December 31st total of 5,387 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 14,045 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 14,045 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco DB Energy Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in Invesco DB Energy Fund by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 56,972 shares of the exchange traded fund’s stock valued at $1,084,000 after acquiring an additional 791 shares during the period. Equitable Holdings Inc. increased its holdings in Invesco DB Energy Fund by 8.4% in the third quarter. Equitable Holdings Inc. now owns 74,814 shares of the exchange traded fund’s stock valued at $1,423,000 after purchasing an additional 5,770 shares during the period. Osaic Holdings Inc. increased its holdings in Invesco DB Energy Fund by 32.3% in the second quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock valued at $72,000 after purchasing an additional 947 shares during the period. Ameriprise Financial Inc. raised its position in Invesco DB Energy Fund by 23.9% during the 2nd 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, Jane Street Group LLC lifted its holdings in Invesco DB Energy Fund by 180.0% during the 2nd quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock worth $875,000 after buying an additional 30,203 shares during the period.

Invesco DB Energy Fund Trading Up 1.3%

Shares of DBE stock traded up $0.26 on Friday, hitting $20.30. The stock had a trading volume of 22,859 shares, compared to its average volume of 17,233. The firm has a market cap of $47.71 million, a P/E ratio of 3.72 and a beta of 0.26. Invesco DB Energy Fund has a twelve month low of $16.22 and a twelve month high of $20.72. The company has a fifty day moving average price of $18.31 and a two-hundred day moving average price of $18.76.

About Invesco DB Energy Fund

(Get Free Report)

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).

Further Reading

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