Invesco DB Oil Fund (NYSEARCA:DBO) Sees Strong Trading Volume

Shares of Invesco DB Oil Fund (NYSEARCA:DBO) saw strong trading volume on Monday . 1,210,318 shares were traded during trading, an increase of 265% from the previous session’s volume of 331,845 shares.The stock last traded at $10.36 and had previously closed at $9.54.

The firm has a fifty day moving average price of $9.60 and a two-hundred day moving average price of $10.13.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First National Corp MA ADV raised its holdings in Invesco DB Oil Fund by 234.7% in the 1st quarter. First National Corp MA ADV now owns 273,320 shares of the company’s stock worth $2,873,000 after purchasing an additional 191,668 shares during the period. Financial Gravity Wealth Inc. raised its holdings in Invesco DB Oil Fund by 252.4% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 3,298 shares of the company’s stock worth $33,000 after purchasing an additional 2,362 shares during the period. Guardian Life Insurance Co. of America raised its holdings in Invesco DB Oil Fund by 10.8% in the 2nd quarter. Guardian Life Insurance Co. of America now owns 2,166,527 shares of the company’s stock worth $21,752,000 after purchasing an additional 211,864 shares during the period. Asset Management One Co. Ltd. raised its holdings in Invesco DB Oil Fund by 32.9% in the 2nd quarter. Asset Management One Co. Ltd. now owns 230,500 shares of the company’s stock worth $2,314,000 after purchasing an additional 57,000 shares during the period. Finally, Invesco Ltd. bought a new position in Invesco DB Oil Fund in the 2nd quarter worth $119,000.

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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