Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 435,578 shares, a decline of 76.2% from the May 14th total of 1,829,504 shares. Based on an average daily trading volume, of 1,194,395 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On Invesco DB Agriculture Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in Invesco DB Agriculture Fund in the 1st quarter worth approximately $110,000. Bank of America Corp DE lifted its holdings in shares of Invesco DB Agriculture Fund by 5.1% in 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. Royal Bank of Canada lifted its holdings in shares of Invesco DB Agriculture Fund by 212.4% in the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock worth $7,925,000 after acquiring an additional 197,234 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Invesco DB Agriculture Fund by 983.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after acquiring an additional 257,619 shares during the last quarter. Finally, Galaxy Digital Inc. bought a new stake in shares of Invesco DB Agriculture Fund in the 1st quarter worth approximately $411,000. Hedge funds and other institutional investors own 38.63% of the company’s stock.
Invesco DB Agriculture Fund Price Performance
DBA stock opened at $26.28 on Wednesday. Invesco DB Agriculture Fund has a one year low of $25.40 and a one year high of $28.84. The stock has a market cap of $1.17 billion, a PE ratio of 11.32 and a beta of 0.11. The firm has a 50 day simple moving average of $27.43 and a two-hundred day simple moving average of $26.55.
About Invesco DB Agriculture Fund
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.
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