Invesco DB Oil Fund (NYSEARCA:DBO) Trading Up 0.4%

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Invesco DB Oil Fund (NYSEARCA:DBO) was up 0.4% on Friday . The company traded as high as $10.53 and last traded at $10.53, approximately 3,601 shares were traded during trading. A decline of 99% from the average daily volume of 356,930 shares. The stock had previously closed at $10.49.

The company has a 50 day moving average of $9.83.

A hedge fund recently raised its stake in Invesco DB Oil Fund stock. First National Corp MA ADV raised its holdings in Invesco DB Oil Fund (NYSEARCA:DBO) by 234.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 273,320 shares of the company’s stock after purchasing an additional 191,668 shares during the quarter. Invesco DB Oil Fund accounts for approximately 1.1% of First National Corp MA ADV’s investment portfolio, making the stock its 21st biggest position. First National Corp MA ADV owned about 0.99% of Invesco DB Oil Fund worth $2,873,000 at the end of the most recent 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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