Invesco DB Energy Fund (NYSEARCA:DBE) Sees Significant Decrease in Short Interest

Invesco DB Energy Fund (NYSEARCA:DBE) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,501 shares, a drop of 86.5% from the May 31st total of 33,312 shares. Based on an average daily volume of 49,277 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DBE. Bank of America Corp DE raised its stake in 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 valued at $6,782,000 after acquiring an additional 177,032 shares during the period. The Manufacturers Life Insurance Company boosted its position in Invesco DB Energy Fund by 248.0% during the second 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 during the period. Susquehanna International Group LLP boosted its position in Invesco DB Energy Fund by 260.0% during the third quarter. Susquehanna International Group LLP now owns 92,125 shares of the exchange traded fund’s stock worth $1,752,000 after purchasing an additional 66,537 shares during the period. Jane Street Group LLC increased its holdings in shares of Invesco DB Energy Fund by 180.0% in the second quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock valued at $875,000 after purchasing an additional 30,203 shares during the last quarter. Finally, Blueprint Investment Partners LLC acquired a new position in shares of Invesco DB Energy Fund in the third quarter valued at $310,000.

Invesco DB Energy Fund Price Performance

NYSEARCA DBE traded down $0.80 during trading on Friday, reaching $25.86. 161,734 shares of the company’s stock were exchanged, compared to its average volume of 68,654. The business has a 50 day moving average price of $30.47 and a 200-day moving average price of $24.96. The stock has a market capitalization of $74.99 million, a P/E ratio of 3.72 and a beta of -0.07. Invesco DB Energy Fund has a fifty-two week low of $17.01 and a fifty-two week high of $34.36.

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).