Invesco DB Oil Fund (NYSEARCA:DBO) Trading Down 1.6% – What’s Next?

Shares of Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) fell 1.6% during trading on Tuesday . The stock traded as low as $22.42 and last traded at $22.71. 1,078,382 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 1,429,590 shares. The stock had previously closed at $23.08.

More Invesco DB Oil Fund News

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

Invesco DB Oil Fund Stock Down 1.6%

The firm has a market cap of $441.71 million, a P/E ratio of 2.38 and a beta of 0.12. The firm’s 50-day simple moving average is $19.29 and its 200 day simple moving average is $15.17.

Institutional Trading of Invesco DB Oil Fund

Hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in Invesco DB Oil Fund in the third quarter worth about $28,000. International Assets Investment Management LLC bought a new stake in Invesco DB Oil Fund in the fourth quarter worth about $33,000. Quent Capital LLC bought a new stake in Invesco DB Oil Fund in the third quarter worth about $43,000. McIlrath & Eck LLC bought a new stake in Invesco DB Oil Fund in the third quarter worth about $43,000. Finally, AE Wealth Management LLC bought a new stake in Invesco DB Oil Fund in the third quarter worth about $70,000.

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.

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