Short Interest in Invesco DB Oil Fund (NYSEARCA:DBO) Rises By 117.9%

Invesco DB Oil Fund (NYSEARCA:DBO) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 208,237 shares, a growth of 117.9% from the November 30th total of 95,556 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 165,566 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 165,566 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. E Fund Management Co. Ltd. purchased a new stake in shares of Invesco DB Oil Fund in the 2nd quarter valued at $11,045,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Invesco DB Oil Fund by 275.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 170,300 shares of the company’s stock worth $2,251,000 after purchasing an additional 124,900 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Invesco DB Oil Fund in the third quarter worth $1,405,000. Jane Street Group LLC boosted its position in Invesco DB Oil Fund by 65.8% during the first quarter. Jane Street Group LLC now owns 111,002 shares of the company’s stock valued at $1,591,000 after buying an additional 44,054 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Invesco DB Oil Fund during the second quarter valued at about $360,000.

Invesco DB Oil Fund Stock Performance

Shares of NYSEARCA DBO opened at $12.09 on Friday. Invesco DB Oil Fund has a fifty-two week low of $11.59 and a fifty-two week high of $15.93. The stock has a market cap of $202.51 million, a PE ratio of 2.38 and a beta of 0.43. The stock has a fifty day moving average of $12.82 and a 200-day moving average of $13.31.

Invesco DB Oil Fund Company Profile

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.