Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 33,925 shares, an increase of 260.1% from the August 15th total of 9,420 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 25,253 shares, the short-interest ratio is currently 1.3 days.
Invesco DB Energy Fund Price Performance
NYSEARCA:DBE traded down $1.14 during midday trading on Friday, hitting $37.18. The company’s stock had a trading volume of 33,764 shares, compared to its average volume of 60,422. Invesco DB Energy Fund has a fifty-two week low of $17.01 and a fifty-two week high of $38.32. The firm has a market cap of $117.12 million, a P/E ratio of 3.72 and a beta of -0.06. The firm’s 50 day moving average is $31.51 and its 200-day moving average is $29.76.
Institutional Trading of Invesco DB Energy Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in DBE. Bank of America Corp DE lifted its position in Invesco DB Energy Fund by 333.3% during 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 position in 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. Cetera Investment Advisers grew its position in Invesco DB Energy Fund by 4.4% during the 1st quarter. Cetera Investment Advisers now owns 80,307 shares of the exchange traded fund’s stock worth $2,367,000 after purchasing an additional 3,416 shares during the period. Equitable Holdings Inc. raised its stake 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 valued at $1,544,000 after buying an additional 13,564 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Invesco DB Energy Fund in the 4th quarter valued at about $89,000.
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).
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