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

by · The Cerbat Gem

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 234,086 shares, a drop of 36.1% from the March 15th total of 366,285 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 2,010,662 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco DB Oil Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in Invesco DB Oil Fund in the 3rd quarter valued at $28,000. International Assets Investment Management LLC acquired a new position in Invesco DB Oil Fund in the 4th quarter valued at $33,000. McIlrath & Eck LLC acquired a new position in Invesco DB Oil Fund in the 3rd quarter valued at $43,000. Quent Capital LLC acquired a new position in Invesco DB Oil Fund in the 3rd quarter valued at $43,000. Finally, AE Wealth Management LLC acquired a new position in Invesco DB Oil Fund in the 3rd quarter valued at $70,000.

Invesco DB Oil Fund Trading Up 1.5%

NYSEARCA DBO traded up $0.29 during midday trading on Thursday, hitting $20.33. The company had a trading volume of 116,311 shares, compared to its average volume of 1,483,561. The company has a market capitalization of $395.44 million, a PE ratio of 2.38 and a beta of 0.05. The firm has a 50-day moving average price of $17.55 and a 200-day moving average price of $14.49. Invesco DB Oil Fund has a twelve month low of $11.81 and a twelve month high of $21.41.

Key Headlines Impacting Invesco DB Oil Fund

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

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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