Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sees Unusually-High Trading Volume – Time to Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) saw unusually-strong trading volume on Monday . Approximately 1,174,468 shares were traded during trading, a decline of 10% from the previous session’s volume of 1,299,002 shares.The stock last traded at $22.35 and had previously closed at $22.65.

Invesco DB Commodity Index Tracking Fund Trading Down 0.3%

The company has a 50-day moving average of $21.21 and a 200-day moving average of $21.74. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 5.00 and a beta of 0.29.

Institutional Investors Weigh In On Invesco DB Commodity Index Tracking Fund

Several hedge funds have recently modified their holdings of DBC. Runnymede Capital Advisors Inc. acquired a new stake in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new stake in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Invesco DB Commodity Index Tracking Fund by 60.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,467 shares of the company’s stock valued at $56,000 after purchasing an additional 930 shares during the last quarter. eCIO Inc. acquired a new position in Invesco DB Commodity Index Tracking Fund during the first quarter worth $57,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in Invesco DB Commodity Index Tracking Fund during the first quarter worth $66,000. 48.28% of the stock is owned by hedge funds and other institutional investors.

About Invesco DB Commodity Index Tracking Fund

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. Deutsche Bank offers unparalleled financial services in countries throughout the world.