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

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 of $9.94 and a two-hundred day moving average of $9.82.

Institutional investors have recently added to or reduced their stakes in the business. Financial Gravity Wealth Inc. increased its holdings in shares of 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 acquiring an additional 2,362 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Invesco DB Oil Fund during the second quarter valued at $119,000. Jane Street Group LLC purchased a new stake in shares of Invesco DB Oil Fund during the second quarter valued at $753,000. Envestnet Asset Management Inc. increased 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 valued at $1,616,000 after acquiring an additional 2,179 shares during the period. Finally, Asset Management One Co. Ltd. increased 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 valued at $2,314,000 after acquiring an additional 57,000 shares during the period.

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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