Short Interest in Invesco DB Oil Fund (NYSEARCA:DBO) Rises By 117.9%

Invesco DB Oil Fund (NYSEARCA:DBO) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 208,237 shares, an increase of 117.9% from the November 30th total of 95,556 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 165,566 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 165,566 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the company’s shares are short sold.

Institutional Trading of Invesco DB Oil Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. E Fund Management Co. Ltd. bought a new stake in Invesco DB Oil Fund during the 2nd quarter valued at approximately $11,045,000. Prudential PLC raised its position in shares of Invesco DB Oil Fund by 0.7% in the 3rd quarter. Prudential PLC now owns 547,222 shares of the company’s stock worth $7,360,000 after acquiring an additional 3,600 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Invesco DB Oil Fund by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 194,731 shares of the company’s stock valued at $2,574,000 after purchasing an additional 1,299 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Invesco DB Oil Fund by 275.1% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 170,300 shares of the company’s stock valued at $2,251,000 after purchasing an additional 124,900 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Invesco DB Oil Fund by 65.8% in the first quarter. Jane Street Group LLC now owns 111,002 shares of the company’s stock worth $1,591,000 after purchasing an additional 44,054 shares during the period.

Invesco DB Oil Fund Trading Down 2.3%

Shares of NYSEARCA DBO opened at $12.09 on Friday. The firm has a fifty day simple moving average of $12.82 and a two-hundred day simple moving average of $13.31. Invesco DB Oil Fund has a 12 month low of $11.59 and a 12 month high of $15.93. The firm has a market capitalization of $202.51 million, a PE ratio of 2.38 and a beta of 0.43.

Invesco DB Oil Fund Company Profile

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.