Invesco DB Oil Fund (NYSEARCA:DBO) Shares Gap Down to $18.81

Shares of Invesco DB Oil Fund (NYSEARCA:DBOGet Rating) gapped down prior to trading on Tuesday . The stock had previously closed at $18.81, but opened at $18.32. Invesco DB Oil Fund shares last traded at $18.26, with a volume of 14,121 shares.

The business’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $15.24.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBO. JPMorgan Chase & Co. grew its position in shares of Invesco DB Oil Fund by 602.3% during the 4th quarter. JPMorgan Chase & Co. now owns 5,162 shares of the company’s stock valued at $70,000 after buying an additional 4,427 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Invesco DB Oil Fund during the 4th quarter valued at about $70,000. US Bancorp DE bought a new stake in shares of Invesco DB Oil Fund during the 3rd quarter valued at about $76,000. Tradewinds Capital Management LLC grew its position in shares of Invesco DB Oil Fund by 61.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 6,241 shares of the company’s stock valued at $86,000 after buying an additional 2,371 shares during the last quarter. Finally, Allegheny Financial Group LTD bought a new stake in shares of Invesco DB Oil Fund during the 4th quarter valued at about $103,000.

Invesco DB Oil Fund Company Profile (NYSEARCA:DBO)

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.

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