Invesco DB Energy Fund (NYSEARCA:DBE) Sees Significant Growth in Short Interest

Invesco DB Energy Fund (NYSEARCA:DBE) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 33,925 shares, a growth of 260.1% from the August 15th total of 9,420 shares. Based on an average daily trading volume, of 25,253 shares, the short-interest ratio is presently 1.3 days. Approximately 1.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco DB Energy Fund

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in 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 worth $26,000 after buying an additional 777 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Invesco DB Energy Fund by 32.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock valued at $72,000 after buying an additional 947 shares during the last quarter. Barclays PLC purchased a new position in shares of Invesco DB Energy Fund during the 4th quarter valued at $89,000. Flow Traders U.S. LLC bought a new position in shares of Invesco DB Energy Fund during the 3rd quarter worth $221,000. Finally, Cetera Investment Advisers grew its stake in shares of Invesco DB Energy Fund by 29.1% during the 2nd quarter. Cetera Investment Advisers now owns 29,178 shares of the exchange traded fund’s stock worth $544,000 after acquiring an additional 6,578 shares during the period.

Invesco DB Energy Fund Stock Performance

DBE traded up $1.36 during midday trading on Monday, reaching $38.54. The company had a trading volume of 22,929 shares, compared to its average volume of 60,204. Invesco DB Energy Fund has a 12-month low of $17.01 and a 12-month high of $38.49. The business has a 50-day moving average price of $31.51 and a two-hundred day moving average price of $29.83. The stock has a market cap of $121.39 million, a PE ratio of 3.72 and a beta of -0.06.

Invesco DB Energy Fund Company Profile

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).