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 November 5, 2024, DBO stock price climbed to $14.86 with 303,292 million shares trading.

DBO has a beta of 0.32, meaning it tends to be less sensitive to market movements. DBO has a correlation of 0.03 to the broad based SPY ETF.

DBO has a market cap of $236.27 million. This is considered a Small Cap stock.

In the last 3 years, DBO traded as high as $21.12 and as low as $11.82.

DBO has underperformed the market in the last year with a return of -6.1%, while the SPY ETF gained +34.3%. In the last 3 month period, DBO fell short of the market, returning +1.6%, while SPY returned +11.8%. However, in the most recent 2 weeks DBO has outperformed the stock market by returning +3.4%, while SPY returned -1.1%.

DBO support price is $14.46 and resistance is $15.06 (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 shares will trade within this expected range on the day.