Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 20,549 shares, a growth of 328.3% from the January 29th total of 4,798 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 19,579 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 19,579 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.9% of the shares of the company are short sold.
Invesco DB Energy Fund Stock Up 2.4%
NYSEARCA DBE opened at $20.52 on Friday. The firm has a market cap of $48.22 million, a P/E ratio of 3.72 and a beta of 0.26. The company’s 50 day moving average is $18.71 and its 200-day moving average is $18.81. Invesco DB Energy Fund has a 12-month low of $16.22 and a 12-month high of $20.72.
Institutional Investors Weigh In On Invesco DB Energy Fund
Several institutional investors have recently made changes to their positions in DBE. PNC Financial Services Group Inc. boosted its holdings in shares of Invesco DB Energy Fund by 105.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 777 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in Invesco DB Energy Fund by 24.9% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 3,702 shares of the exchange traded fund’s stock worth $70,000 after purchasing an additional 739 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Invesco DB Energy Fund by 32.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 947 shares in the last quarter. Barclays PLC bought a new position in Invesco DB Energy Fund in the 4th quarter worth about $89,000. Finally, Flow Traders U.S. LLC bought a new position in Invesco DB Energy Fund in the 3rd quarter worth about $221,000.
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).
See Also
- Five stocks we like better than Invesco DB Energy Fund
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- The Biggest IPO Ever… Open to Everyday Folks
- Silver records prices are great. Monthly income is better
- Read this or regret it forever
- Sell this, buy that
Receive News & Ratings for Invesco DB Energy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Energy Fund and related companies with MarketBeat.com's FREE daily email newsletter.
