Short Interest in Invesco DB Oil Fund (NYSEARCA:DBO) Expands By 90.8%

Invesco DB Oil Fund (NYSEARCA:DBO) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 286,421 shares, an increase of 90.8% from the August 15th total of 150,127 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 284,845 shares, the days-to-cover ratio is presently 1.0 days.

Invesco DB Oil Fund Trading Down 0.7%

Shares of Invesco DB Oil Fund stock traded down $0.17 on Thursday, hitting $25.30. The stock had a trading volume of 368,317 shares, compared to its average volume of 975,940. Invesco DB Oil Fund has a 52-week low of $11.89 and a 52-week high of $26.62. The stock has a market cap of $473.11 million, a price-to-earnings ratio of 2.38 and a beta of 0.11. The company’s 50 day moving average price is $21.67 and its 200 day moving average price is $20.66.

Institutional Investors Weigh In On Invesco DB Oil Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Invesco DB Oil Fund in the fourth quarter valued at approximately $33,000. Roxbury Financial LLC purchased a new stake in shares of Invesco DB Oil Fund in the first quarter valued at about $122,000. Forty three Eighteen Advisors LLC acquired a new stake in shares of Invesco DB Oil Fund during the fourth quarter worth about $137,000. Cadence Wealth Management LLC acquired a new stake in shares of Invesco DB Oil Fund during the first quarter worth about $282,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Invesco DB Oil Fund during the fourth quarter worth about $363,000.

About Invesco DB Oil Fund

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.