Invesco DB Oil Fund (NYSEARCA:DBO) Shares Down 1.7% – Here’s What Happened

Invesco DB Oil Fund (NYSEARCA:DBO)’s share price fell 1.7% on Wednesday . The company traded as low as $14.29 and last traded at $14.34. 184,741 shares were traded during 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 Performance

The firm has a market capitalization of $238.76 million, a PE ratio of 3.01 and a beta of 0.04. The company’s 50 day simple moving average is $14.61 and its 200-day simple moving average is $14.60.

Institutional Trading of Invesco DB Oil Fund

A number of large investors have recently modified their holdings of DBO. Good Life Advisors LLC purchased a new stake in shares of Invesco DB Oil Fund during the 3rd quarter valued at $143,000. Narus Financial Partners LLC increased its stake in Invesco DB Oil Fund by 3.3% in the third quarter. Narus Financial Partners LLC now owns 167,496 shares of the company’s stock valued at $2,340,000 after acquiring an additional 5,315 shares during the last quarter. BNP Paribas Financial Markets raised 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 valued at $329,000 after purchasing an additional 22,186 shares in the last quarter. Finally, Rik Saylor Financial Inc. bought a new stake in Invesco DB Oil Fund during the fourth quarter worth about $176,000.

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.