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Invesco DB Oil Fund (DBO)

Commodities Focused | Exchange Traded Fund | NYSEArca
21.38 USD -0.06 (-0.280%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 21.34 -0.04 (-0.040%) ⇩ (Aug. 28, 2026, 7:55 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 3 a.m. EDT

The Invesco DB Oil Fund is currently trapped in a defensive posture where the market is pricing in a continuation of the commodity downturn rather than a recovery. Despite the asset being up significantly over the last decade, the last three years of annual declines have crushed the long-term outlook, dragging the fundamental rating down to a weak '1'. The price action shows a recent bounce off the lows, but the options market tells a different story: traders are buying heavy insurance against further drops, suggesting they believe the oil price rally is fragile or temporary. The dividend yield of 2% is nominal for an energy fund, likely reflecting the erosion of the underlying asset value rather than robust cash flow. With the statistical forecast showing no directional edge and the options flow screaming 'sell', the short-term outlook remains neutral-to-bearish. Investors should view this as a speculative play on volatile oil prices rather than a stable income or growth vehicle.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.080269
AutoETS0.085290
AutoARIMA0.085529
MSTL0.091890

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 44%
H-stat 2.96
Ljung-Box p 0.000
Jarque-Bera p 0.289
Excess Kurtosis -1.11
Attribute Value
Trailing P/E 4.24
Forward P/E 2138.00

As of Aug. 22, 2026, 3 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive put volume and open interest relative to calls across all expirations. The 'put/call' ratio is heavily skewed toward selling insurance against a drop. While there is some speculative buying of deep out-of-the-money calls (likely hedging against a geopolitical spike like the mentioned Hormuz crisis), the overwhelming capital flow is into strikes below the current price, creating a significant resistance wall for any upward move.


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 0.019962687
dividendYield 2.0

Info Dump

Attribute Value
All Time High 55.65
All Time Low 5.11
Ask 22.0
Ask Size 500
Average Daily Volume10 Day 293,120
Average Daily Volume3 Month 483,366
Average Volume 483,366
Average Volume10Days 293,120
Beta3 Year 1.86
Bid 21.42
Bid Size 200
Book Value 12.192
Category Commodities Focused
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 21.44
Day Low 21.18
Dividend Yield 2.0
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 19.9892
Fifty Day Average Change 1.3907986
Fifty Day Average Change Percent 0.0695775
Fifty Two Week Change Percent 53.691757
Fifty Two Week High 23.98
Fifty Two Week High Change -2.6000004
Fifty Two Week High Change Percent -0.1084237
Fifty Two Week Low 11.89
Fifty Two Week Low Change 9.489999
Fifty Two Week Low Change Percent 0.7981496
Fifty Two Week Range 11.89 - 23.98
Financial Currency USD
First Trade Date Milliseconds 1,168,007,400,000
Five Year Average Return 0.1423827
Forward P E 2,138.0
Full Exchange Name NYSEArca
Fullday Change -0.0600014
Fullday Change Percent -0.279857
Fullday Price 21.34
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 single index Commodity consists of Light, Sweet Crude Oil (WTI). The fund invests in futures contracts in an attempt to track its corresponding index.
Long Name Invesco DB Oil Fund
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_30853700
Nav Price 21.15
Net Assets 257,096,848.0
Net Expense Ratio 0.75
Open 21.45
Phone (800) 983-0903
Post Market Change -0.03999901
Post Market Change Percent -0.1870861
Post Market Price 21.34
Post Market Time 1,787,961,342
Previous Close 21.44
Price Hint 2
Price To Book 1.7536088
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.0600014
Regular Market Change Percent -0.279857
Regular Market Day High 21.44
Regular Market Day Low 21.18
Regular Market Day Range 21.18 - 21.44
Regular Market Open 21.45
Regular Market Previous Close 21.44
Regular Market Price 21.38
Regular Market Time 1,787,947,200
Regular Market Volume 171,510
Shares Outstanding 28,600,000
Short Name Invesco DB Oil Fund
Source Interval 15
Symbol DBO
Three Year Average Return 0.1425271
Total Assets 257,096,848
Tradeable 0
Trailing Annual Dividend Rate 0.428
Trailing Annual Dividend Yield 0.019962687
Trailing P E 4.2420635
Trailing Peg Ratio None
Trailing Three Month Nav Returns -3.8996
Trailing Three Month Returns -3.8996
Triggerable 1
Two Hundred Day Average 17.6395
Two Hundred Day Average Change 3.7404995
Two Hundred Day Average Change Percent 0.21205246
Type Disp ETF
Volume 171,510
Yield 0.02
Ytd Return 75.88187