Invesco DB Energy Fund (NYSEARCA:DBE) Sees Significant Drop in Short Interest

Invesco DB Energy Fund (NYSEARCA:DBE) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 9,420 shares, a decrease of 52.9% from the July 30th total of 20,016 shares. Based on an average daily trading volume, of 39,122 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Invesco DB Energy Fund Trading Up 2.4%

Shares of DBE traded up $0.76 during mid-day trading on Monday, hitting $33.00. 36,031 shares of the company’s stock were exchanged, compared to its average volume of 60,182. Invesco DB Energy Fund has a fifty-two week low of $17.01 and a fifty-two week high of $34.36. The firm has a market capitalization of $103.95 million, a P/E ratio of 3.72 and a beta of -0.07. The business’s 50 day moving average is $29.68 and its two-hundred day moving average is $28.72.

Institutional Trading of Invesco DB Energy Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its stake in shares of Invesco DB Energy Fund by 29.1% in the 2nd quarter. Cetera Investment Advisers now owns 29,178 shares of the exchange traded fund’s stock valued at $544,000 after purchasing an additional 6,578 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Invesco DB Energy Fund by 248.0% in the second quarter. The Manufacturers Life Insurance Company now owns 94,589 shares of the exchange traded fund’s stock valued at $1,762,000 after purchasing an additional 67,405 shares during the period. Jane Street Group LLC raised its stake in shares of Invesco DB Energy Fund by 180.0% during the second quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock worth $875,000 after purchasing an additional 30,203 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Invesco DB Energy Fund by 23.9% during the second quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 16,234 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Invesco DB Energy Fund by 3.7% during the second quarter. Bank of America Corp DE now owns 56,181 shares of the exchange traded fund’s stock worth $1,047,000 after purchasing an additional 1,993 shares during the period.

Invesco DB Energy Fund Company Profile

PowerShares DB Energy Fund (the Fund) is based on the Deutsche Bank Liquid Commodity Index – Optimum Yield Energy Excess Return (the Index). The Index is a rules-based index composed of futures contracts on some of the most heavily traded energy commodities in the world-light sweet crude oil (WTI), heating oil, brent crude oil, reformulated blendstock for oxygenate blending (RBOB) gasoline and natural gas. The Index is intended to reflect the performance of the energy sector. The Fund is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust).