Short Interest in Invesco DB Oil Fund (NYSEARCA:DBO) Grows By 90.8%

Invesco DB Oil Fund (NYSEARCA:DBO) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 286,421 shares, an increase of 90.8% from the August 15th total of 150,127 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 284,845 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential PLC increased its position in shares of Invesco DB Oil Fund by 3.1% during the fourth quarter. Prudential PLC now owns 564,010 shares of the company’s stock valued at $6,881,000 after acquiring an additional 16,788 shares in the last quarter. Narus Financial Partners LLC lifted its position in Invesco DB Oil Fund by 9.5% in the 1st quarter. Narus Financial Partners LLC now owns 144,284 shares of the company’s stock valued at $2,838,000 after acquiring an additional 12,499 shares in the last quarter. Cetera Investment Advisers boosted its stake in Invesco DB Oil Fund by 84.5% during the 1st quarter. Cetera Investment Advisers now owns 81,285 shares of the company’s stock valued at $1,599,000 after purchasing an additional 37,232 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Invesco DB Oil Fund during the 4th quarter valued at $363,000. Finally, Cadence Wealth Management LLC bought a new stake in shares of Invesco DB Oil Fund in the 1st quarter worth $282,000.

Key Invesco DB Oil Fund News

Here are the key news stories impacting Invesco DB Oil Fund this week:

• Positive Sentiment: Escalating Middle East tensions remain supportive for DBO. Damage to Saudi Arabia’s East-West pipeline has put more than 4 million barrels per day of export capacity at risk, while Houthi attacks and Gulf shipping disruptions could tighten global supplies if the outage persists. Oil’s next test: Saudi Arabia races to restore a key safety valve for prices
• Positive Sentiment: Some physical oil cargoes in Europe reportedly topped $130 per barrel as buyers sought alternatives to disrupted Middle Eastern supplies, highlighting the severity of regional supply constraints. Some physical oil cargoes top $130 a barrel
• Neutral Sentiment: U.S. crude inventories reportedly declined for a third consecutive week, but gasoline and distillate stocks increased. Separate reporting pointed to an unexpected crude-stock build, creating conflicting signals about near-term demand and supply. U.S. Crude Oil Stockpiles Post Moderate Draw
• Negative Sentiment: Oil benchmarks edged lower ahead of the Fed decision, encouraging profit-taking after the recent rally. Higher oil prices are also driving gasoline prices sharply higher, raising concerns about consumer demand and potential inflation-driven monetary tightening. Oil Prices Edge Lower Ahead of Fed Decision
• Negative Sentiment: Reports that U.S. crude inventories rose unexpectedly added downward pressure to oil prices despite Saudi supply concerns, weighing on DBO’s near-term performance. Oil falls as US crude inventories rise

Invesco DB Oil Fund Price Performance

DBO stock traded down $0.88 during trading on Wednesday, hitting $25.47. 583,658 shares of the stock traded hands, compared to its average volume of 979,372. Invesco DB Oil Fund has a 1 year low of $11.89 and a 1 year high of $26.62. The firm’s 50 day moving average is $21.53 and its two-hundred day moving average is $20.58. The stock has a market cap of $476.29 million, a price-to-earnings ratio of 2.38 and a beta of 0.11.

Invesco DB Oil Fund Company Profile

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.