Invesco DB Energy Fund (NYSEARCA:DBE) Sees Large Drop in Short Interest

Invesco DB Energy Fund (NYSEARCA:DBE) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 10,789 shares, a decline of 47.5% from the February 12th total of 20,549 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 21,671 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 21,671 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are short sold.

Invesco DB Energy Fund Trading Up 0.3%

NYSEARCA DBE traded up $0.08 during trading hours on Friday, hitting $28.56. 99,419 shares of the company’s stock were exchanged, compared to its average volume of 35,580. The firm has a market cap of $67.12 million, a price-to-earnings ratio of 3.72 and a beta of 0.26. The stock has a 50-day simple moving average of $20.02 and a 200 day simple moving average of $19.20. Invesco DB Energy Fund has a 1-year low of $16.22 and a 1-year high of $28.61.

Institutional Trading of Invesco DB Energy Fund

Several hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Invesco DB Energy Fund by 248.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 94,589 shares of the exchange traded fund’s stock worth $1,762,000 after purchasing an additional 67,405 shares in the last quarter. Susquehanna International Group LLP grew its position in Invesco DB Energy Fund by 260.0% in the 3rd quarter. Susquehanna International Group LLP now owns 92,125 shares of the exchange traded fund’s stock valued at $1,752,000 after purchasing an additional 66,537 shares during the period. M Holdings Securities Inc. bought a new stake in Invesco DB Energy Fund during the 2nd quarter valued at $1,015,000. Jane Street Group LLC grew its holdings in shares of Invesco DB Energy Fund by 180.0% during the second quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock valued at $875,000 after buying an additional 30,203 shares during the last quarter. Finally, Blueprint Investment Partners LLC bought a new stake in shares of Invesco DB Energy Fund during the third quarter worth about $310,000.

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).