Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 3,332,106 shares, an increase of 453.5% from the June 15th total of 601,999 shares. Based on an average daily volume of 1,261,967 shares, the short-interest ratio is presently 2.6 days. Currently, 7.5% of the shares of the stock are short sold.

Invesco DB Agriculture Fund Stock Performance

Shares of Invesco DB Agriculture Fund stock traded up $0.06 during midday trading on Friday, hitting $27.77. 1,455,081 shares of the company traded hands, compared to its average volume of 1,205,734. The firm’s fifty day moving average price is $27.26 and its 200-day moving average price is $26.64. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. Invesco DB Agriculture Fund has a 12 month low of $25.40 and a 12 month high of $28.84.

Institutional Trading of Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DBA. Wells Fargo & Company MN lifted its stake in shares of Invesco DB Agriculture Fund by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock valued at $23,711,000 after acquiring an additional 19,922 shares during the last quarter. Bank of America Corp DE grew its position in Invesco DB Agriculture Fund by 5.1% during the 1st quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after acquiring an additional 31,182 shares during the last quarter. HighTower Advisors LLC increased its holdings in Invesco DB Agriculture Fund by 1.0% in the 4th quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock worth $12,180,000 after purchasing an additional 4,686 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco DB Agriculture Fund by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock worth $10,393,000 after purchasing an additional 23,609 shares in the last quarter. Finally, Passaic Partners LLC bought a new position in Invesco DB Agriculture Fund in the fourth quarter valued at about $9,972,000. Institutional investors own 38.63% of the company’s stock.

About Invesco DB Agriculture Fund

(Get Free Report)

PowerShares DB Agriculture Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund’s subsidiary is DB Agriculture Master Fund (the Master Fund), a separate series of DB Multi-Sector Commodity Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.

Featured Stories