Invesco DB Oil Fund (NYSEARCA:DBO) Shares Up 3.7%

Shares of Invesco DB Oil Fund (NYSEARCA:DBO) shot up 3.7% during mid-day trading on Wednesday . The stock traded as high as $10.36 and last traded at $10.35, 13,897 shares traded hands during trading. A decline of 96% from the average session volume of 330,278 shares. The stock had previously closed at $9.98.

The business has a 50-day moving average price of $9.97 and a 200 day moving average price of $9.82.

A number of hedge funds have recently bought and sold shares of DBO. Financial Gravity Wealth Inc. raised its stake in Invesco DB Oil Fund by 252.4% during the second quarter. Financial Gravity Wealth Inc. now owns 3,298 shares of the company’s stock valued at $33,000 after buying an additional 2,362 shares during the last quarter. Invesco Ltd. bought a new position in shares of Invesco DB Oil Fund during the second quarter valued at $119,000. Jane Street Group LLC bought a new position in shares of Invesco DB Oil Fund during the second quarter valued at $753,000. Envestnet Asset Management Inc. raised its position in shares of Invesco DB Oil Fund by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 170,862 shares of the company’s stock worth $1,616,000 after purchasing an additional 2,179 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of 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 last quarter.

About Invesco DB Oil Fund (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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