Short Interest in Invesco DB Oil Fund (NYSEARCA:DBO) Drops By 34.6%

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 19,591 shares, a decline of 34.6% from the January 29th total of 29,975 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 660,765 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 660,765 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Invesco DB Oil Fund Stock Up 2.7%

Invesco DB Oil Fund stock traded up $0.38 during mid-day trading on Friday, hitting $14.44. 711,637 shares of the stock were exchanged, compared to its average volume of 591,796. The stock has a market capitalization of $239.70 million, a price-to-earnings ratio of 2.38 and a beta of 0.43. Invesco DB Oil Fund has a 12 month low of $11.59 and a 12 month high of $14.94. The firm’s fifty day simple moving average is $13.12 and its two-hundred day simple moving average is $13.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC bought a new position in shares of Invesco DB Oil Fund during the 4th quarter worth about $479,000. Commonwealth Equity Services LLC lifted its stake in Invesco DB Oil Fund by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 133,971 shares of the company’s stock valued at $1,634,000 after acquiring an additional 3,363 shares in the last quarter. LPL Financial LLC lifted its stake in Invesco DB Oil Fund by 15.4% during the 4th quarter. LPL Financial LLC now owns 94,938 shares of the company’s stock valued at $1,158,000 after acquiring an additional 12,644 shares in the last quarter. Prudential PLC boosted its holdings in Invesco DB Oil Fund by 3.1% during the 4th quarter. Prudential PLC now owns 564,010 shares of the company’s stock worth $6,881,000 after acquiring an additional 16,788 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Invesco DB Oil Fund in the 4th quarter worth $363,000.

Trending Headlines about Invesco DB Oil Fund

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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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