Invesco DB Oil Fund (NYSEARCA:DBO – Get Free Report)’s share price shot up 0.6% during mid-day trading on Thursday . The stock traded as high as $15.37 and last traded at $15.33. 207,695 shares traded hands during trading, a decline of 39% from the average session volume of 342,496 shares. The stock had previously closed at $15.24.
Invesco DB Oil Fund Trading Down 1.4 %
The firm has a fifty day moving average of $15.52 and a two-hundred day moving average of $15.21. The company has a market cap of $251.75 million, a PE ratio of 3.01 and a beta of 0.04.
Institutional Trading of Invesco DB Oil Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of DBO. Prudential PLC lifted its stake in shares of Invesco DB Oil Fund by 15.6% in the 4th quarter. Prudential PLC now owns 548,872 shares of the company’s stock valued at $7,695,000 after purchasing an additional 73,900 shares during the last quarter. Narus Financial Partners LLC increased its holdings in Invesco DB Oil Fund by 14.9% during the 1st quarter. Narus Financial Partners LLC now owns 169,955 shares of the company’s stock worth $2,641,000 after purchasing an additional 21,984 shares during the period. Callan Family Office LLC purchased a new position in Invesco DB Oil Fund during the 2nd quarter worth $334,000. Asset Management One Co. Ltd. increased its holdings in Invesco DB Oil Fund by 11.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 136,500 shares of the company’s stock worth $1,899,000 after purchasing an additional 14,000 shares during the period. Finally, Allegheny Financial Group LTD purchased a new position in shares of Invesco DB Oil Fund in the 1st quarter valued at $217,000.
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.
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