Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sees Strong Trading Volume – Here’s Why

Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) saw an uptick in trading volume on Monday . 1,064,647 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 762,917 shares.The stock last traded at $23.61 and had previously closed at $24.43.

Invesco DB Commodity Index Tracking Fund Stock Performance

The firm has a market capitalization of $1.27 billion, a P/E ratio of 5.00 and a beta of 0.24. The business has a fifty day moving average of $23.12 and a 200-day moving average of $22.66.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new stake in Invesco DB Commodity Index Tracking Fund in the second quarter worth about $27,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of Invesco DB Commodity Index Tracking Fund by 555.6% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares in the last quarter. Caitlin John LLC acquired a new stake in Invesco DB Commodity Index Tracking Fund during the third quarter valued at approximately $53,000. eCIO Inc. bought a new stake in Invesco DB Commodity Index Tracking Fund during the fourth quarter worth approximately $57,000. Finally, Ameriflex Group Inc. grew its position in Invesco DB Commodity Index Tracking Fund by 65.1% in the third quarter. Ameriflex Group Inc. now owns 3,184 shares of the company’s stock worth $72,000 after buying an additional 1,256 shares during the last quarter. 48.28% of the stock is owned by institutional investors.

Invesco DB Commodity Index Tracking Fund Company Profile

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. Deutsche Bank offers unparalleled financial services in countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people