Invesco DB Oil Fund (NYSEARCA:DBO – Get Free Report)’s stock price rose 3.3% during trading on Wednesday . The company traded as high as $15.93 and last traded at $15.88. Approximately 352,458 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 398,662 shares. The stock had previously closed at $15.37.
Invesco DB Oil Fund Trading Down 0.4 %
The firm has a market capitalization of $258.74 million, a price-to-earnings ratio of 3.01 and a beta of 0.04. The stock’s fifty day moving average price is $14.47 and its two-hundred day moving average price is $14.70.
Hedge Funds Weigh In On Invesco DB Oil Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DBO. Good Life Advisors LLC acquired a new position in Invesco DB Oil Fund in the third quarter valued at $143,000. BNP Paribas Financial Markets lifted its holdings in shares of Invesco DB Oil Fund by 1,584.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,586 shares of the company’s stock valued at $329,000 after purchasing an additional 22,186 shares during the last quarter. Finally, Narus Financial Partners LLC boosted its position in shares of Invesco DB Oil Fund by 3.3% in the 3rd quarter. Narus Financial Partners LLC now owns 167,496 shares of the company’s stock valued at $2,340,000 after purchasing an additional 5,315 shares during the period.
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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