Invesco DB Oil Fund (NYSEARCA:DBO – Get Free Report) shares fell 1.7% on Wednesday . The stock traded as low as $14.29 and last traded at $14.34. 184,741 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 408,958 shares. The stock had previously closed at $14.59.
Invesco DB Oil Fund Stock Down 1.7 %
The stock has a market capitalization of $238.76 million, a P/E ratio of 3.01 and a beta of 0.04. The firm’s 50 day simple moving average is $14.61 and its two-hundred day simple moving average is $14.60.
Hedge Funds Weigh In On Invesco DB Oil Fund
Institutional investors have recently modified their holdings of the company. Narus Financial Partners LLC increased its holdings in Invesco DB Oil Fund by 21.0% during the 4th quarter. Narus Financial Partners LLC now owns 202,750 shares of the company’s stock worth $2,901,000 after purchasing an additional 35,254 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Invesco DB Oil Fund by 1,584.7% during the third quarter. BNP Paribas Financial Markets now owns 23,586 shares of the company’s stock worth $329,000 after buying an additional 22,186 shares in the last quarter. Rik Saylor Financial Inc. purchased a new stake in Invesco DB Oil Fund in the 4th quarter valued at $176,000. Finally, Good Life Advisors LLC bought a new position in Invesco DB Oil Fund during the 3rd quarter valued at $143,000.
About Invesco DB Oil Fund
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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