Invesco DB Energy Fund (NYSEARCA:DBE) Sees Large Decrease in Short Interest
by Doug Wharley · The Cerbat GemInvesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 41,891 shares, a decline of 43.9% from the March 15th total of 74,724 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 127,723 shares, the days-to-cover ratio is presently 0.3 days.
Hedge Funds Weigh In On Invesco DB Energy Fund
Several hedge funds have recently made changes to their positions in DBE. PNC Financial Services Group Inc. grew its position in shares of Invesco DB Energy Fund by 105.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 777 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its position in shares of Invesco DB Energy Fund by 24.9% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 3,702 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 739 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of 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 in the last quarter. Barclays PLC purchased a new position in shares of Invesco DB Energy Fund in the fourth quarter valued at $89,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Invesco DB Energy Fund in the third quarter valued at $221,000.
Invesco DB Energy Fund Trading Down 2.2%
Shares of NYSEARCA DBE traded down $0.63 during mid-day trading on Tuesday, hitting $28.48. The company had a trading volume of 29,726 shares, compared to its average volume of 65,185. The company has a market capitalization of $82.59 million, a price-to-earnings ratio of 3.72 and a beta of -0.11. Invesco DB Energy Fund has a 1 year low of $16.87 and a 1 year high of $31.37. The stock’s 50-day moving average price is $24.87 and its 200-day moving average price is $20.80.
About Invesco DB Energy Fund
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).