Invesco DB Energy Fund (NYSEARCA:DBE) Stock Short Interest Report for October

Invesco DB Energy Fund (NYSEARCA:DBE) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 25,715 shares, a drop of 42.6% from the September 30th total of 44,781 shares. Based on an average daily trading volume, of 64,763 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco DB Energy Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI acquired a new stake in shares of Invesco DB Energy Fund during the 3rd quarter worth approximately $243,000. Bank of America Corp DE lifted its holdings in shares of Invesco DB Energy Fund by 333.3% in the 1st quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock worth $6,782,000 after purchasing an additional 177,032 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Invesco DB Energy Fund by 4.4% in 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 last quarter. Finally, The Manufacturers Life Insurance Company boosted 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 valued at $3,734,000 after purchasing an additional 29,575 shares during the period.

Invesco DB Energy Fund Price Performance

Shares of NYSEARCA:DBE traded up $0.36 during trading on Friday, reaching $40.81. 32,954 shares of the company’s stock traded hands, compared to its average volume of 58,516. Invesco DB Energy Fund has a 12 month low of $17.01 and a 12 month high of $41.41. The company has a 50 day moving average of $37.03 and a 200-day moving average of $29.81. The stock has a market capitalization of $128.55 million, a P/E ratio of 3.72 and a beta of -0.03.

Invesco DB Energy Fund Company Profile

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).