Invesco DB Oil Fund (NYSEARCA:DBO) Trading 0.8% Higher – What’s Next?

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report)’s share price rose 0.8% on Tuesday . The stock traded as high as $12.41 and last traded at $12.40. Approximately 257,719 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 366,003 shares. The stock had previously closed at $12.30.

More Invesco DB Oil Fund News

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

Invesco DB Oil Fund Price Performance

The company has a 50 day moving average of $12.83 and a 200-day moving average of $13.33. The company has a market cap of $207.70 million, a P/E ratio of 2.38 and a beta of 0.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mather Group LLC. purchased a new stake in Invesco DB Oil Fund in the third quarter valued at approximately $28,000. Quent Capital LLC purchased a new position in Invesco DB Oil Fund in the 3rd quarter worth approximately $43,000. McIlrath & Eck LLC bought a new position in shares of Invesco DB Oil Fund in the 3rd quarter worth $43,000. AE Wealth Management LLC bought a new position in shares of Invesco DB Oil Fund in the 3rd quarter worth $70,000. Finally, Cadence Wealth Management LLC purchased a new stake in shares of Invesco DB Oil Fund during the 2nd quarter valued at $142,000.

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.

Featured Articles

Receive News & Ratings for Invesco DB Oil Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Oil Fund and related companies with MarketBeat.com's FREE daily email newsletter.