Invesco DB Energy Fund (NYSEARCA:DBE) Trading Down 1% – What’s Next?

Invesco DB Energy Fund (NYSEARCA:DBE)’s stock price was down 1% on Wednesday . The company traded as low as $18.92 and last traded at $18.95. Approximately 18,361 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 28,391 shares. The stock had previously closed at $19.14.

Invesco DB Energy Fund Stock Performance

The firm has a fifty day simple moving average of $19.21 and a 200-day simple moving average of $19.66. The company has a market capitalization of $79.94 million, a PE ratio of 4.30 and a beta of 0.07.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Stifel Financial Corp acquired a new stake in Invesco DB Energy Fund during the third quarter worth about $207,000. Cetera Advisors LLC acquired a new stake in shares of Invesco DB Energy Fund during the 1st quarter worth approximately $208,000. Silver Lake Advisory LLC bought a new stake in shares of Invesco DB Energy Fund in the 2nd quarter worth approximately $202,000. Flow Traders U.S. LLC boosted its position in Invesco DB Energy Fund by 44.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 26,277 shares of the exchange traded fund’s stock valued at $488,000 after purchasing an additional 8,123 shares during the period. Finally, Picton Mahoney Asset Management grew its stake in Invesco DB Energy Fund by 44.8% during the 2nd quarter. Picton Mahoney Asset Management now owns 12,900 shares of the exchange traded fund’s stock worth $269,000 after buying an additional 3,990 shares during the last quarter.

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.