DBO Stock Summary and Trading Ideas (Invesco Db Oil | ARCA:DBO)

The Invesco DB Oil Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return, (DBIQ Opt Yield Crude Oil 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 light sweet crude oil (WTI). You cannot invest directly in the Index. The Fund and the Index are rebalanced and reconstituted annually in November.

Invesco Db Oil trades on the ARCA stock market under the symbol DBO.

As of April 19, 2024, DBO stock price declined to $15.61 with 198,100 million shares trading.

DBO has a beta of -0.14, meaning it tends to be less sensitive to market movements. DBO has a correlation of 0.00 to the broad based SPY ETF.

DBO has a market cap of $254.44 million. This is considered a Small Cap stock.

In the last 3 years, DBO stock traded as high as $21.12 and as low as $10.86.

DBO stock has underperformed the market in the last year with a return of +5.8%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DBO shares. However, DBO has outperformed the market in the last 3 month and 2 week periods, returning +10.2% and -2.8%, while SPY returned +4.3% and -3.5%, respectively. This indicates DBO has been having a stronger performance recently.

DBO support price is $15.51 and resistance is $15.81 (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 DBO stock will trade within this expected range on the day.