28-Mar-2024
No press releases found.
Russian cuts to crude output may bring $100 oil, J.P. Morgan says
Seeking Alpha News (Wed, 27-Mar 2:07 PM ET)
Benzinga (Wed, 27-Mar 7:22 AM ET)
Benzinga (Tue, 26-Mar 7:11 AM ET)
Boeing, Nvidia, PG&E And More On CNBC's 'Final Trades'
Benzinga (Mon, 25-Mar 9:17 AM ET)
The Invesco DB Commodity Index Tracking Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Diversified Commodity Index Excess Return, (DBIQ Opt Yield Diversified Comm Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on 14 of the most heavily traded and important physical commodities in the world. The Fund and the Index are rebalanced and reconstituted annually in November.
Invesco Db Commodity Index Tracking trades on the ARCA stock market under the symbol DBC.
As of March 28, 2024, DBC stock price climbed to $22.97 with 3,341,062 million shares trading.
DBC has a beta of 0.21, meaning it tends to be less sensitive to market movements. DBC has a correlation of 0.03 to the broad based SPY ETF.
DBC has a market cap of $1.71 billion. This is considered a Small Cap stock.
In the last 3 years, DBC stock traded as high as $30.64 and as low as $16.47.
DBC has underperformed the market in the last year with a price return of +2.9% while the SPY ETF gained +33.6%. DBC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.8% and +1.6%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
DBC support price is $22.55 and resistance is $22.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DBC stock will trade within this expected range on the day.