Invesco DB Oil Fund (NYSEARCA:DBO) Shares Down 1.7% – Time to Sell?

Invesco DB Oil Fund (NYSEARCA:DBO)’s stock price fell 1.7% on Wednesday . The company traded as low as $14.29 and last traded at $14.34. 184,741 shares changed hands during trading, a decline of 55% from the average session volume of 408,958 shares. The stock had previously closed at $14.59.

Invesco DB Oil Fund Stock Up 0.6 %

The firm’s 50 day moving average is $14.61 and its two-hundred day moving average is $14.59. The stock has a market cap of $238.10 million, a price-to-earnings ratio of 3.01 and a beta of 0.04.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DBO. Rik Saylor Financial Inc. acquired a new position in Invesco DB Oil Fund during the 4th quarter valued at about $176,000. Narus Financial Partners LLC raised its holdings in shares of Invesco DB Oil Fund by 21.0% during the fourth quarter. Narus Financial Partners LLC now owns 202,750 shares of the company’s stock valued at $2,901,000 after buying an additional 35,254 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Invesco DB Oil Fund by 1,584.7% during the third quarter. BNP Paribas Financial Markets now owns 23,586 shares of the company’s stock worth $329,000 after buying an additional 22,186 shares during the period. Finally, Good Life Advisors LLC bought a new position in Invesco DB Oil Fund in the 3rd quarter worth approximately $143,000.

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.