Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 25,715 shares, a decline of 42.6% from the September 30th total of 44,781 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 64,763 shares, the short-interest ratio is currently 0.4 days.
Invesco DB Energy Fund Stock Performance
Shares of NYSEARCA:DBE traded up $0.36 during trading hours on Friday, hitting $40.81. The stock had a trading volume of 32,954 shares, compared to its average volume of 58,516. The stock’s fifty day simple moving average is $37.03 and its 200 day simple moving average is $29.81. Invesco DB Energy Fund has a 1-year low of $17.01 and a 1-year high of $41.41. The firm has a market capitalization of $128.55 million, a price-to-earnings ratio of 3.72 and a beta of -0.03.
Hedge Funds Weigh In On Invesco DB Energy Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI acquired a new stake in Invesco DB Energy Fund in the 3rd quarter valued at approximately $243,000. Cetera Investment Advisers raised its stake in Invesco DB Energy Fund by 4.4% during the 1st quarter. Cetera Investment Advisers now owns 80,307 shares of the exchange traded fund’s stock valued at $2,367,000 after acquiring an additional 3,416 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Invesco DB Energy Fund by 30.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 126,713 shares of the exchange traded fund’s stock valued at $3,734,000 after acquiring an additional 29,575 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Invesco DB Energy Fund by 333.3% during the 1st quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock valued at $6,782,000 after acquiring an additional 177,032 shares in the last quarter.
About Invesco DB Energy Fund
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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