Invesco DB Oil Fund (NYSEARCA:DBO) Stock Price Up 0.2% – Here’s Why

Invesco DB Oil Fund (NYSEARCA:DBO)’s stock price shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $13.84 and last traded at $13.69. 214,835 shares were traded during trading, a decline of 39% from the average session volume of 350,778 shares. The stock had previously closed at $13.66.

Invesco DB Oil Fund Trading Down 0.1 %

The firm has a market capitalization of $205.97 million, a price-to-earnings ratio of 2.68 and a beta of 0.55. The stock’s fifty day moving average price is $14.41 and its two-hundred day moving average price is $14.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rik Saylor Financial Inc. acquired a new position in Invesco DB Oil Fund during the fourth quarter worth $176,000. BNP Paribas Financial Markets grew its position 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 during the period. Jane Street Group LLC increased its stake in Invesco DB Oil Fund by 445.5% in the 4th quarter. Jane Street Group LLC now owns 66,948 shares of the company’s stock valued at $958,000 after purchasing an additional 54,676 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in Invesco DB Oil Fund during the fourth quarter worth $1,783,000. Finally, Commonwealth Equity Services LLC raised its holdings in Invesco DB Oil Fund by 3.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 128,060 shares of the company’s stock worth $1,833,000 after purchasing an additional 3,748 shares during the last quarter.

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.