Short Interest in Invesco DB Oil Fund (NYSEARCA:DBO) Drops By 74.9%

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 29,975 shares, a decrease of 74.9% from the January 15th total of 119,238 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 603,600 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 603,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.2% of the shares of the company are sold short.

Invesco DB Oil Fund Trading Up 1.2%

Shares of NYSEARCA:DBO traded up $0.17 during trading on Wednesday, reaching $13.92. 296,978 shares of the stock were exchanged, compared to its average volume of 558,622. Invesco DB Oil Fund has a 12 month low of $11.59 and a 12 month high of $14.94. The stock has a 50-day moving average price of $12.79 and a 200-day moving average price of $13.11. The firm has a market cap of $230.99 million, a PE ratio of 2.38 and a beta of 0.43.

Institutional Investors Weigh In On Invesco DB Oil Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Invesco DB Oil Fund in the third quarter valued at about $28,000. International Assets Investment Management LLC bought a new stake in Invesco DB Oil Fund in the 4th quarter valued at about $33,000. McIlrath & Eck LLC bought a new position in shares of Invesco DB Oil Fund during the third quarter worth approximately $43,000. Quent Capital LLC bought a new position in shares of Invesco DB Oil Fund during the third quarter worth approximately $43,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Invesco DB Oil Fund in the third quarter valued at approximately $70,000.

More Invesco DB Oil Fund News

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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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