Invesco DB Oil Fund (NYSEARCA:DBO) Trading Up 3.2% – Here’s Why

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) shot up 3.2% during mid-day trading on Wednesday . The stock traded as high as $19.09 and last traded at $18.68. Approximately 903,715 shares changed hands during trading, a decline of 24% from the average session volume of 1,182,296 shares. The stock had previously closed at $18.10.

Key Invesco DB Oil Fund News

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

Invesco DB Oil Fund Stock Performance

The business’s 50-day moving average price is $20.65 and its 200 day moving average price is $17.64. The company has a market cap of $349.32 million, a P/E ratio of 2.38 and a beta of 0.12.

Hedge Funds Weigh In On Invesco DB Oil Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in Invesco DB Oil Fund during the fourth quarter worth approximately $33,000. Roxbury Financial LLC acquired a new stake in shares of Invesco DB Oil Fund in the first quarter valued at approximately $122,000. Forty three Eighteen Advisors LLC bought a new position in shares of Invesco DB Oil Fund during the 4th quarter worth approximately $137,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Invesco DB Oil Fund during the 2nd quarter worth approximately $184,000. Finally, Cadence Wealth Management LLC acquired a new position in shares of Invesco DB Oil Fund during the 1st quarter worth approximately $282,000.

Invesco DB Oil Fund Company Profile

(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.

Further Reading

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