Invesco DB Oil Fund (NYSEARCA:DBO) Short Interest Down 31.0% in February

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 13,511 shares, a decline of 31.0% from the February 12th total of 19,591 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 683,957 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 683,957 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco DB Oil Fund

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

Invesco DB Oil Fund Stock Down 0.0%

NYSEARCA DBO traded down $0.01 during trading on Friday, hitting $20.55. 2,109,027 shares of the stock traded hands, compared to its average volume of 1,341,622. Invesco DB Oil Fund has a 12-month low of $11.59 and a 12-month high of $20.68. The firm has a 50-day simple moving average of $14.26 and a 200-day simple moving average of $13.45. The company has a market capitalization of $341.13 million, a P/E ratio of 2.38 and a beta of 0.43.

Key Headlines Impacting Invesco DB Oil Fund

Here are the key news stories impacting Invesco DB Oil Fund this week:

Invesco DB Oil Fund Company Profile

(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.

Recommended Stories

Receive News & Ratings for Invesco DB Oil Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Oil Fund and related companies with MarketBeat.com's FREE daily email newsletter.