Invesco DB Oil Fund (NYSEARCA:DBO) Short Interest Update

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 286,421 shares, a growth of 90.8% from the August 15th total of 150,127 shares. Based on an average trading volume of 284,845 shares, the short-interest ratio is currently 1.0 days. Currently, 1.5% of the company’s shares are sold short.

Key Stories Impacting Invesco DB Oil Fund

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

Hedge Funds Weigh In On Invesco DB Oil Fund

A number of hedge funds have recently bought and sold shares of the company. Prudential PLC raised its position in shares of Invesco DB Oil Fund by 3.1% in the 4th quarter. Prudential PLC now owns 564,010 shares of the company’s stock worth $6,881,000 after acquiring an additional 16,788 shares in the last quarter. Narus Financial Partners LLC lifted its stake in shares of Invesco DB Oil Fund by 9.5% in the 1st quarter. Narus Financial Partners LLC now owns 144,284 shares of the company’s stock valued at $2,838,000 after purchasing an additional 12,499 shares during the period. Cetera Investment Advisers boosted its position in shares of Invesco DB Oil Fund by 84.5% during the 1st quarter. Cetera Investment Advisers now owns 81,285 shares of the company’s stock valued at $1,599,000 after purchasing an additional 37,232 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Invesco DB Oil Fund during the 4th quarter valued at about $363,000. Finally, Cadence Wealth Management LLC acquired a new stake in Invesco DB Oil Fund during the first quarter worth approximately $282,000.

Invesco DB Oil Fund Trading Up 3.2%

NYSEARCA:DBO traded up $0.81 on Tuesday, reaching $26.35. 520,391 shares of the stock traded hands, compared to its average volume of 981,613. Invesco DB Oil Fund has a 1-year low of $11.89 and a 1-year high of $26.62. The company’s 50 day moving average is $21.37 and its 200-day moving average is $20.50. The firm has a market capitalization of $492.75 million, a price-to-earnings ratio of 2.38 and a beta of 0.11.

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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