Invesco DB Oil Fund (NYSEARCA:DBO) Trading Down 0.2% – Should You Sell?

Invesco DB Oil Fund (NYSEARCA:DBO) shares fell 0.2% during trading on Tuesday . The company traded as low as $14.05 and last traded at $14.09. 264,760 shares were traded during mid-day trading, a decline of 33% from the average session volume of 396,954 shares. The stock had previously closed at $14.12.

Invesco DB Oil Fund Stock Performance

The firm has a 50-day moving average price of $14.40 and a two-hundred day moving average price of $14.98. The firm has a market cap of $236.26 million, a price-to-earnings ratio of 3.01 and a beta of 0.04.

Institutional Investors Weigh In On Invesco DB Oil Fund

Several hedge funds and other institutional investors have recently bought and sold shares of DBO. Good Life Advisors LLC acquired a new stake in shares of Invesco DB Oil Fund during the third quarter worth about $143,000. Valeo Financial Advisors LLC acquired a new position in Invesco DB Oil Fund during the second quarter worth approximately $173,000. BNP Paribas Financial Markets lifted its stake in Invesco DB Oil Fund by 1,584.7% in the third quarter. BNP Paribas Financial Markets now owns 23,586 shares of the company’s stock valued at $329,000 after buying an additional 22,186 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of Invesco DB Oil Fund in the second quarter valued at approximately $334,000. Finally, Narus Financial Partners LLC grew its position in shares of Invesco DB Oil Fund by 3.3% during the third quarter. Narus Financial Partners LLC now owns 167,496 shares of the company’s stock worth $2,340,000 after acquiring an additional 5,315 shares during the last quarter.

About Invesco DB Oil Fund

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.