Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 9,573 shares, a decline of 90.0% from the April 30th total of 96,126 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 78,111 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Invesco DB Energy Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC grew its stake in Invesco DB Energy Fund by 18.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,415 shares of the exchange traded fund’s stock valued at $758,000 after acquiring an additional 6,643 shares in the last quarter. M Holdings Securities Inc. grew its stake in Invesco DB Energy Fund by 3.8% during the 4th quarter. M Holdings Securities Inc. now owns 56,530 shares of the exchange traded fund’s stock valued at $987,000 after acquiring an additional 2,091 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Invesco DB Energy Fund by 105.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 777 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Invesco DB Energy Fund during the 3rd quarter valued at about $221,000. Finally, Osaic Holdings Inc. grew its stake in Invesco DB Energy Fund by 32.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 947 shares in the last quarter.
Invesco DB Energy Fund Stock Performance
Shares of DBE stock traded up $0.30 on Thursday, reaching $30.44. 47,740 shares of the company were exchanged, compared to its average volume of 69,440. The company has a market cap of $88.28 million, a price-to-earnings ratio of 3.72 and a beta of -0.03. The business has a 50-day moving average price of $30.59 and a 200 day moving average price of $23.45. Invesco DB Energy Fund has a 1 year low of $17.01 and a 1 year high of $34.36.
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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