Short Interest in Invesco DB Energy Fund (NYSEARCA:DBE) Declines By 52.9%

Invesco DB Energy Fund (NYSEARCA:DBE) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 9,420 shares, a drop of 52.9% from the July 30th total of 20,016 shares. Based on an average daily trading volume, of 39,122 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Invesco DB Energy Fund

Institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers grew its position in Invesco DB Energy Fund by 29.1% in the second quarter. Cetera Investment Advisers now owns 29,178 shares of the exchange traded fund’s stock valued at $544,000 after purchasing an additional 6,578 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in 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 buying an additional 67,405 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Invesco DB Energy Fund by 180.0% during the 2nd quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock worth $875,000 after buying an additional 30,203 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco DB Energy Fund by 23.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock worth $1,566,000 after buying an additional 16,234 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Invesco DB Energy Fund by 3.7% during the 2nd quarter. Bank of America Corp DE now owns 56,181 shares of the exchange traded fund’s stock worth $1,047,000 after buying an additional 1,993 shares during the last quarter.

Invesco DB Energy Fund Price Performance

NYSEARCA DBE remained flat at $32.24 during trading on Friday. The company’s stock had a trading volume of 34,551 shares, compared to its average volume of 60,328. Invesco DB Energy Fund has a 12-month low of $17.01 and a 12-month high of $34.36. The company has a 50 day moving average price of $29.68 and a 200-day moving average price of $28.66. The firm has a market cap of $101.56 million, a P/E ratio of 3.72 and a beta of -0.07.

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).