Invesco DB Oil Fund (NYSEARCA:DBO) Trading Down 0.2% – Time to Sell?

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report)’s share price traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as $21.50 and last traded at $21.59. 370,325 shares were traded during trading, a decline of 65% from the average session volume of 1,045,236 shares. The stock had previously closed at $21.63.

Invesco DB Oil Fund News Roundup

Here are the key news stories impacting Invesco DB Oil Fund this week:

Invesco DB Oil Fund Price Performance

The stock has a market cap of $414.58 million, a price-to-earnings ratio of 2.38 and a beta of 0.10. The business’s 50 day moving average is $19.75 and its 200 day moving average is $19.39.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DBO. Jane Street Group LLC lifted its stake in Invesco DB Oil Fund by 65.8% during the first quarter. Jane Street Group LLC now owns 111,002 shares of the company’s stock worth $1,591,000 after purchasing an additional 44,054 shares during the last quarter. Cetera Investment Advisers increased its stake in Invesco DB Oil Fund by 4.7% in the second quarter. Cetera Investment Advisers now owns 39,771 shares of the company’s stock valued at $526,000 after purchasing an additional 1,769 shares during the last quarter. E Fund Management Co. Ltd. acquired a new stake in Invesco DB Oil Fund during the second quarter worth approximately $11,045,000. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco DB Oil Fund during the second quarter worth approximately $184,000. Finally, Prudential PLC raised its holdings in Invesco DB Oil Fund by 0.7% during the third quarter. Prudential PLC now owns 547,222 shares of the company’s stock worth $7,360,000 after purchasing an additional 3,600 shares in the last quarter.

About Invesco DB Oil Fund

(Get Free Report)

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.

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