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Invesco DB Oil Fund (DBO)

Commodities Focused | Exchange Traded Fund | NYSEArca
24.93 USD +0.02 (0.080%) ⇧ (Oct. 14, 2026, 4 p.m. EDT)
After hours: 24.93 -0.01 (-0.005%) ⇩ (Oct. 14, 2026, 6:15 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Oct. 10, 2026, 6:24 a.m. EDT

The Invesco DB Oil Fund is currently trapped in a brutal structural decline, having suffered three consecutive years of negative annual returns while the broader commodity cycle struggles to find footing. Despite a modest 35% gain over the last nine years, the relentless downward pressure over the past three years signals that the market views the underlying oil exposure as deteriorating, rendering any low P/E multiple a warning sign rather than a bargain. While the fund offers a yield that matches inflation, this payout is insufficient to offset the capital destruction occurring in the share price; the recent distribution cuts suggest the fund is struggling to maintain its previous income levels. Technically, the stock is trading above its 200-day average, offering a slight short-term bounce opportunity, but the overwhelming options flow shows investors buying insurance against further drops rather than betting on a rally. This is a speculative play on a volatile commodity with a fundamentally broken long-term trend.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.072596
AutoARIMA0.078100
AutoETS0.078551
MSTL0.079081

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 42%
H-stat 6.95
Ljung-Box p 0.000
Jarque-Bera p 0.437
Excess Kurtosis -0.67
Attribute Value
Trailing P/E 4.95
Forward P/E 2493.00

As of Oct. 10, 2026, 6:24 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in out-of-the-money puts (over 90% of total put volume) across all expirations. Call activity is concentrated near the money and slightly out-of-the-money, suggesting a defensive stance rather than a bullish breakout. The disparity between put volume and call volume indicates a fear of further declines despite the recent price recovery.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
3.48% 3.48% 4.25% 2.69%
Dividend History
Date Dividend Yield %
2025-12-22 0.428 3.479675
2024-12-23 0.670 4.841040
2023-12-18 0.639 4.443672
2022-12-19 0.100 0.693001
2019-12-23 0.174 1.638418
2018-12-24 0.134 1.650246
2008-12-15 0.120 0.583090
2007-12-17 1.280 3.890577
Additional Data
trailingAnnualDividendRate 0.428
trailingAnnualDividendYield 0.017181855
dividendYield 1.81

Info Dump

Attribute Value
All Time High 55.65
All Time Low 5.11
Ask 0.0
Ask Size 700
Average Daily Volume10 Day 460,200
Average Daily Volume3 Month 449,751
Average Volume 449,751
Average Volume10Days 460,200
Beta3 Year 1.78
Bid 0.0
Bid Size 2,400
Book Value 12.192
Category Commodities Focused
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 25.125
Day Low 24.895
Dividend Yield 1.81
Eps Forward 0.01
Eps Trailing Twelve Months 5.04
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 23.0862
Fifty Day Average Change 1.8437996
Fifty Day Average Change Percent 0.07986587
Fifty Two Week Change Percent 101.37317
Fifty Two Week High 26.62
Fifty Two Week High Change -1.6900005
Fifty Two Week High Change Percent -0.06348612
Fifty Two Week Low 11.89
Fifty Two Week Low Change 13.04
Fifty Two Week Low Change Percent 1.0967199
Fifty Two Week Range 11.89 - 26.62
Financial Currency USD
First Trade Date Milliseconds 1,168,007,400,000
Five Year Average Return 0.1415667
Forward P E 2,493.0
Full Exchange Name NYSEArca
Fullday Change 0.2800007
Fullday Change Percent 1.1368278
Fullday Price 24.93
Fund Family Invesco
Fund Inception Date 1,167,955,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund pursues its investment objective by investing in a portfolio of exchange-traded futures on the index Commodity. The single index Commodity consists of Light, Sweet Crude Oil (WTI). It invests in futures contracts in an attempt to track its corresponding index.
Long Name Invesco DB Oil Fund
Market us_market
Market State PREPRE
Max Age 86,400
Message Board Id finmb_30853700
Nav Price 24.83
Net Assets 257,860,656.0
Net Expense Ratio 0.75
Open 25.1
Phone (800) 983-0903
Post Market Change -0.005001068
Post Market Change Percent -0.02006044
Post Market Price 24.925
Post Market Time 1,792,016,104
Previous Close 24.91
Price Hint 2
Price To Book 2.0447834
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.0200005
Regular Market Change Percent 0.0802909
Regular Market Day High 25.125
Regular Market Day Low 24.895
Regular Market Day Range 24.895 - 25.125
Regular Market Open 25.1
Regular Market Previous Close 24.91
Regular Market Price 24.93
Regular Market Time 1,792,008,000
Regular Market Volume 571,423
Shares Outstanding 28,600,000
Short Name Invesco DB Oil Fund
Source Interval 15
Symbol DBO
Three Year Average Return 0.1756508
Total Assets 257,860,656
Tradeable 0
Trailing Annual Dividend Rate 0.428
Trailing Annual Dividend Yield 0.017181855
Trailing P E 4.946429
Trailing Peg Ratio None
Trailing Three Month Nav Returns 35.62035
Trailing Three Month Returns 35.62035
Triggerable 1
Two Hundred Day Average 19.5252
Two Hundred Day Average Change 5.4048004
Two Hundred Day Average Change Percent 0.27681154
Type Disp ETF
Volume 571,423
Yield 0.018099999
Ytd Return 94.58573