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

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the recipient of a significant 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. Based on an average daily volume of 660,765 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 660,765 shares, the days-to-cover ratio is presently 0.0 days.

Invesco DB Oil Fund News Roundup

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

Invesco DB Oil Fund Stock Up 2.7%

Shares of DBO traded up $0.38 during trading hours on Friday, hitting $14.44. The company had a trading volume of 711,637 shares, compared to its average volume of 591,796. The business has a fifty day moving average of $13.12 and a 200-day moving average of $13.13. The firm has a market cap 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.

Hedge Funds Weigh In On Invesco DB Oil Fund

Large investors have recently made changes to their positions in the company. E Fund Management Co. Ltd. acquired a new stake in Invesco DB Oil Fund in the 2nd quarter worth about $11,045,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Invesco DB Oil Fund in the 2nd quarter valued at $184,000. Prudential PLC boosted its stake in Invesco DB Oil Fund by 0.7% in the third quarter. Prudential PLC now owns 547,222 shares of the company’s stock valued at $7,360,000 after buying an additional 3,600 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of Invesco DB Oil Fund by 10.0% during the 3rd quarter. Susquehanna International Group LLP now owns 62,737 shares of the company’s stock valued at $844,000 after purchasing an additional 5,687 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Invesco DB Oil Fund by 15.4% during the fourth quarter. LPL Financial LLC now owns 94,938 shares of the company’s stock worth $1,158,000 after buying an additional 12,644 shares in the last quarter.

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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