Invesco DB Oil Fund (NYSEARCA:DBO) Short Interest Up 233.8% in January

Invesco DB Oil Fund (NYSEARCA:DBOGet Free Report) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 119,238 shares, an increase of 233.8% from the December 31st total of 35,717 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 428,335 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 428,335 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are short sold.

Invesco DB Oil Fund Stock Performance

NYSEARCA DBO traded up $0.08 during trading on Friday, reaching $14.03. 1,115,949 shares of the company’s stock were exchanged, compared to its average volume of 515,897. Invesco DB Oil Fund has a 1 year low of $11.59 and a 1 year high of $14.94. The stock has a market cap of $237.81 million, a P/E ratio of 2.38 and a beta of 0.43. The company has a 50 day moving average price of $12.68 and a two-hundred day moving average price of $13.12.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Mather Group LLC. acquired a new position in Invesco DB Oil Fund during the 3rd quarter worth approximately $28,000. McIlrath & Eck LLC acquired a new position in Invesco DB Oil Fund during the third quarter worth $43,000. Quent Capital LLC purchased a new position in Invesco DB Oil Fund in the third quarter worth $43,000. AE Wealth Management LLC acquired a new stake in Invesco DB Oil Fund in the third quarter valued at $70,000. Finally, Cadence Wealth Management LLC purchased a new stake in shares of Invesco DB Oil Fund during the 2nd quarter worth $142,000.

Trending Headlines about Invesco DB Oil Fund

Here are the key news stories impacting Invesco DB Oil Fund this week:

About Invesco DB Oil Fund

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco DB Oil Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Oil Fund and related companies with MarketBeat.com's FREE daily email newsletter.