Invesco DB Oil Fund (NYSEARCA:DBO) Short Interest Up 233.8% in January

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 119,238 shares, a growth of 233.8% from the December 31st total of 35,717 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 428,335 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 428,335 shares, the short-interest ratio is currently 0.3 days. Currently, 0.7% of the shares of the company are sold short.

Key Stories Impacting Invesco DB Oil Fund

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

Institutional Trading of Invesco DB Oil Fund

A number of institutional investors have recently made changes to their positions in DBO. E Fund Management Co. Ltd. acquired a new position in shares of Invesco DB Oil Fund during the second quarter valued at approximately $11,045,000. Prudential PLC increased its position in shares of Invesco DB Oil Fund by 0.7% during the 3rd quarter. Prudential PLC now owns 547,222 shares of the company’s stock valued at $7,360,000 after purchasing an additional 3,600 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco DB Oil Fund by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 194,731 shares of the company’s stock worth $2,574,000 after buying an additional 1,299 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Invesco DB Oil Fund by 275.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 170,300 shares of the company’s stock valued at $2,251,000 after buying an additional 124,900 shares during the period. Finally, Jane Street Group LLC boosted its stake in Invesco DB Oil Fund by 65.8% during the first quarter. Jane Street Group LLC now owns 111,002 shares of the company’s stock valued at $1,591,000 after buying an additional 44,054 shares in the last quarter.

Invesco DB Oil Fund Stock Up 0.6%

DBO stock traded up $0.08 during trading on Friday, reaching $14.03. 1,115,949 shares of the company’s stock were exchanged, compared to its average volume of 515,897. Invesco DB Oil Fund has a 1-year low of $11.59 and a 1-year high of $14.94. The firm has a market cap of $237.81 million, a PE ratio of 2.38 and a beta of 0.43. The company’s fifty day moving average price is $12.65 and its 200-day moving average price is $13.12.

Invesco DB Oil Fund Company Profile

(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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