Invesco DB Oil Fund (NYSEARCA:DBO) Shares Down 0.1%

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Invesco DB Oil Fund (NYSEARCA:DBO) fell 0.1% during trading on Friday . The company traded as low as $9.55 and last traded at $9.55, 417 shares traded hands during mid-day trading. A decline of 100% from the average session volume of 327,991 shares. The stock had previously closed at $9.56.

The stock has a fifty day moving average of $9.61 and a 200 day moving average of $10.14.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential PLC raised its holdings in shares of Invesco DB Oil Fund by 8.9% during the 2nd quarter. Prudential PLC now owns 1,559,746 shares of the company’s stock worth $15,660,000 after acquiring an additional 126,835 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco DB Oil Fund during the 2nd quarter worth approximately $753,000. Invesco Ltd. purchased a new stake in shares of Invesco DB Oil Fund during the 2nd quarter worth approximately $119,000. Asset Management One Co. Ltd. raised its holdings in shares of Invesco DB Oil Fund by 32.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 230,500 shares of the company’s stock worth $2,314,000 after acquiring an additional 57,000 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its holdings in shares of Invesco DB Oil Fund by 10.8% during the 2nd quarter. Guardian Life Insurance Co. of America now owns 2,166,527 shares of the company’s stock worth $21,752,000 after acquiring an additional 211,864 shares in the last quarter.

About Invesco DB Oil Fund (NYSEARCA:DBO)

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.

Further Reading: Hedge Funds – Risk or Reward?

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