Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 33,925 shares, a growth of 260.1% from the August 15th total of 9,420 shares. Based on an average daily trading volume, of 25,253 shares, the short-interest ratio is presently 1.3 days. Approximately 1.1% of the company’s stock are short sold.
Invesco DB Energy Fund Stock Down 3.0%
Invesco DB Energy Fund stock traded down $1.14 during trading on Friday, reaching $37.18. The stock had a trading volume of 33,764 shares, compared to its average volume of 60,422. Invesco DB Energy Fund has a 52-week low of $17.01 and a 52-week high of $38.32. The business has a 50 day moving average price of $31.51 and a 200 day moving average price of $29.76. The stock has a market cap of $117.12 million, a PE ratio of 3.72 and a beta of -0.06.
Institutional Investors Weigh In On Invesco DB Energy Fund
Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of Invesco DB Energy Fund by 29.1% during the 2nd quarter. Cetera Investment Advisers now owns 29,178 shares of the exchange traded fund’s stock worth $544,000 after acquiring an additional 6,578 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Invesco DB Energy Fund by 248.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 94,589 shares of the exchange traded fund’s stock valued at $1,762,000 after acquiring an additional 67,405 shares during the period. Jane Street Group LLC raised its stake in Invesco DB Energy Fund by 180.0% during the 2nd quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock valued at $875,000 after acquiring an additional 30,203 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Invesco DB Energy Fund by 23.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock valued at $1,566,000 after acquiring an additional 16,234 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Invesco DB Energy Fund by 3.7% during the 2nd quarter. Bank of America Corp DE now owns 56,181 shares of the exchange traded fund’s stock worth $1,047,000 after acquiring an additional 1,993 shares during the period.
Invesco DB Energy Fund Company Profile
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).
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