Invesco DB Oil Fund (NYSEARCA:DBO) Stock Price Up 0.8% – Here’s What Happened

Invesco DB Oil Fund (NYSEARCA:DBO)’s share price rose 0.8% during trading on Wednesday . The company traded as high as $14.02 and last traded at $13.95. Approximately 106,154 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 379,320 shares. The stock had previously closed at $13.84.

Invesco DB Oil Fund Trading Up 0.8 %

The firm has a market cap of $232.27 million, a P/E ratio of 3.01 and a beta of 0.04. The business’s fifty day simple moving average is $14.38 and its 200-day simple moving average is $14.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DBO. Good Life Advisors LLC bought a new position in shares of Invesco DB Oil Fund in the 3rd quarter worth approximately $143,000. BNP Paribas Financial Markets raised its holdings in Invesco DB Oil Fund by 1,584.7% in the third quarter. BNP Paribas Financial Markets now owns 23,586 shares of the company’s stock worth $329,000 after purchasing an additional 22,186 shares in the last quarter. Narus Financial Partners LLC lifted its position in Invesco DB Oil Fund by 3.3% during the third quarter. Narus Financial Partners LLC now owns 167,496 shares of the company’s stock valued at $2,340,000 after buying an additional 5,315 shares during the period. Finally, Prudential PLC boosted its holdings in shares of Invesco DB Oil Fund by 7.8% during the 2nd quarter. Prudential PLC now owns 565,972 shares of the company’s stock valued at $9,010,000 after buying an additional 40,900 shares in the last quarter.

About Invesco DB Oil Fund

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.