Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 33,312 shares, a growth of 248.0% from the May 14th total of 9,573 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 69,541 shares, the days-to-cover ratio is presently 0.5 days.
Invesco DB Energy Fund Stock Down 2.4%
Shares of NYSEARCA:DBE traded down $0.73 during midday trading on Friday, reaching $29.35. The company’s stock had a trading volume of 39,364 shares, compared to its average volume of 67,716. The firm has a 50 day moving average of $30.92 and a 200-day moving average of $24.39. The firm has a market capitalization of $85.12 million, a P/E ratio of 3.72 and a beta of -0.07. Invesco DB Energy Fund has a 12-month low of $17.01 and a 12-month high of $34.36.
Institutional Trading of Invesco DB Energy Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its stake in shares of Invesco DB Energy Fund by 32.3% in the 2nd quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock worth $72,000 after buying an additional 947 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Invesco DB Energy Fund by 55.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 97,138 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 34,547 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco DB Energy Fund by 23.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock worth $1,566,000 after buying an additional 16,234 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco DB Energy Fund by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 76,891 shares of the exchange traded fund’s stock worth $1,343,000 after buying an additional 2,183 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Invesco DB Energy Fund by 18.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,415 shares of the exchange traded fund’s stock valued at $758,000 after acquiring an additional 6,643 shares in the last quarter.
About Invesco DB Energy Fund
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).
Recommended Stories
- Five stocks we like better than Invesco DB Energy Fund
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Invesco DB Energy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Energy Fund and related companies with MarketBeat.com's FREE daily email newsletter.
