Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 4,501 shares, a decline of 86.5% from the May 31st total of 33,312 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 49,277 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in Invesco DB Energy Fund by 333.3% in the first quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock valued at $6,782,000 after purchasing an additional 177,032 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Invesco DB Energy Fund by 30.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 126,713 shares of the exchange traded fund’s stock worth $3,734,000 after purchasing an additional 29,575 shares during the period. Susquehanna International Group LLP increased its position in shares of Invesco DB Energy Fund by 260.0% during the 3rd quarter. Susquehanna International Group LLP now owns 92,125 shares of the exchange traded fund’s stock worth $1,752,000 after purchasing an additional 66,537 shares during the last quarter. Equitable Holdings Inc. increased its position in shares of Invesco DB Energy Fund by 18.1% during the 4th quarter. Equitable Holdings Inc. now owns 88,378 shares of the exchange traded fund’s stock worth $1,544,000 after purchasing an additional 13,564 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in 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 valued at $1,566,000 after buying an additional 16,234 shares during the period.
Invesco DB Energy Fund Stock Down 3.1%
Shares of Invesco DB Energy Fund stock traded down $0.83 during mid-day trading on Friday, hitting $25.82. The stock had a trading volume of 145,430 shares, compared to its average volume of 68,420. The firm has a 50-day moving average of $30.53 and a two-hundred day moving average of $24.95. The firm has a market cap of $74.89 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.
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).
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