Invesco DB Energy Fund (NYSEARCA:DBE) Stock Short Interest Report for October

Invesco DB Energy Fund (NYSEARCA:DBE) was the recipient of a large decline in short interest during 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 company’s shares are sold short. Based on an average trading volume of 64,763 shares, the days-to-cover ratio is presently 0.4 days.

Invesco DB Energy Fund Trading Up 0.6%

Invesco DB Energy Fund stock traded up $0.23 during midday trading on Tuesday, hitting $38.47. 12,300 shares of the stock were exchanged, compared to its average volume of 58,625. Invesco DB Energy Fund has a fifty-two week low of $17.01 and a fifty-two week high of $41.41. The stock has a market capitalization of $121.18 million, a price-to-earnings ratio of 3.72 and a beta of -0.03. The stock’s 50-day simple moving average is $37.13 and its 200 day simple moving average is $29.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of 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 worth $6,782,000 after purchasing an additional 177,032 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Invesco DB Energy Fund by 30.4% in 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 buying an additional 29,575 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Invesco DB Energy Fund in the 3rd quarter valued at about $244,000. Citizens Financial Group Inc. RI purchased a new stake in Invesco DB Energy Fund in the 3rd quarter valued at about $243,000. Finally, Cetera Investment Advisers lifted its position in Invesco DB Energy Fund by 4.4% in the first quarter. Cetera Investment Advisers now owns 80,307 shares of the exchange traded fund’s stock valued at $2,367,000 after buying an additional 3,416 shares during the last quarter.

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).