Invesco DB Oil Fund (NYSEARCA:DBO) Short Interest Update

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 366,285 shares, a growth of 2,611.0% from the February 26th total of 13,511 shares. Based on an average daily trading volume, of 4,266,954 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.2% of the shares of the stock are sold short. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,266,954 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DBO. E Fund Management Co. Ltd. bought a new stake in shares of Invesco DB Oil Fund in the second quarter worth about $11,045,000. Flow Traders U.S. LLC purchased a new position in Invesco DB Oil Fund during the 3rd quarter valued at approximately $1,405,000. Jane Street Group LLC grew its holdings in Invesco DB Oil Fund by 65.8% during the 1st 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. IHT Wealth Management LLC bought a new stake in Invesco DB Oil Fund in the 4th quarter worth approximately $479,000. Finally, Strategic Financial Concepts LLC bought a new stake in Invesco DB Oil Fund in the 4th quarter worth approximately $363,000.

Invesco DB Oil Fund News Roundup

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

Invesco DB Oil Fund Trading Up 3.4%

Shares of NYSEARCA:DBO traded up $0.67 during midday trading on Tuesday, reaching $20.32. 2,370,622 shares of the company were exchanged, compared to its average volume of 1,458,832. The stock has a market cap of $337.31 million, a PE ratio of 2.38 and a beta of 0.43. The business’s fifty day moving average is $15.23 and its two-hundred day moving average is $13.74. Invesco DB Oil Fund has a one year low of $11.59 and a one year high of $21.41.

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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