Invesco DB Oil Fund (NYSEARCA:DBO) Sees Large Increase in Short Interest

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 366,285 shares, a growth of 2,611.0% from the February 26th total of 13,511 shares. Based on an average daily volume of 4,266,954 shares, the short-interest ratio is currently 0.1 days. Approximately 2.2% of the shares of the company are sold short. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 4,266,954 shares, the short-interest ratio is currently 0.1 days.

Invesco DB Oil Fund Trading Up 3.4%

Shares of NYSEARCA DBO opened at $20.32 on Wednesday. Invesco DB Oil Fund has a 12-month low of $11.59 and a 12-month high of $21.41. The firm has a 50 day moving average of $15.38 and a 200 day moving average of $13.79. The firm has a market capitalization of $337.31 million, a price-to-earnings ratio of 2.38 and a beta of 0.43.

Trending Headlines about Invesco DB Oil Fund

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Institutional Trading of Invesco DB Oil Fund

Several hedge funds have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of Invesco DB Oil Fund in the third quarter worth about $28,000. International Assets Investment Management LLC bought a new position in shares of Invesco DB Oil Fund during the 4th quarter valued at approximately $33,000. Quent Capital LLC purchased a new stake in Invesco DB Oil Fund in the 3rd quarter worth approximately $43,000. McIlrath & Eck LLC purchased a new stake in shares of Invesco DB Oil Fund in the third quarter worth $43,000. Finally, AE Wealth Management LLC purchased a new stake in Invesco DB Oil Fund in the 3rd quarter worth $70,000.

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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