Invesco DB Energy Fund (NYSEARCA:DBE) Short Interest Down 52.9% in August

Invesco DB Energy Fund (NYSEARCA:DBE) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 9,420 shares, a decline of 52.9% from the July 30th total of 20,016 shares. Based on an average daily trading volume, of 39,122 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco DB Energy Fund

Several hedge funds have recently modified their holdings of DBE. PNC Financial Services Group Inc. boosted its stake in Invesco DB Energy Fund by 105.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 777 shares in the last quarter. Aberdeen Wealth Management LLC purchased a new stake in shares of Invesco DB Energy Fund during the second quarter valued at $30,000. Osaic Holdings Inc. grew its holdings in shares of Invesco DB Energy Fund by 32.3% during the second quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock valued at $72,000 after buying an additional 947 shares during the last quarter. Barclays PLC purchased a new stake in shares of Invesco DB Energy Fund during the fourth quarter valued at $89,000. Finally, Leading Edge Financial Planning LLC acquired a new position in shares of Invesco DB Energy Fund in the 2nd quarter valued at $108,000.

Invesco DB Energy Fund Price Performance

NYSEARCA:DBE remained flat at $32.24 during mid-day trading on Friday. The company had a trading volume of 34,551 shares, compared to its average volume of 60,328. The stock has a fifty day moving average of $29.68 and a two-hundred day moving average of $28.66. Invesco DB Energy Fund has a 12 month low of $17.01 and a 12 month high of $34.36. The company has a market cap of $101.56 million, a P/E ratio of 3.72 and a beta of -0.07.

Invesco DB Energy Fund Company Profile

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. The Index is intended to reflect the performance of the energy sector. The Fund is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust).