While I agree that your tank is too small as well, I would not be overly concerned about his behavior. If generally he only does it after water changes, he might just be adjusting to the new Ph or water hardness. Otherwise I would only be concerned if he is doing it quite often, and acting strangely as well. A good way to tell if a colourful fish is deprived of oxygen is that he will be more pale than usual. If none of these are the case, from personal experience, I would say he is fine and just doing something that fish do.