Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 612,445 shares, a drop of 81.6% from the June 30th total of 3,332,106 shares. Based on an average daily trading volume, of 935,532 shares, the short-interest ratio is currently 0.7 days. Approximately 1.4% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of DBA. Camelot Technology Advisors Inc. lifted its stake in Invesco DB Agriculture Fund by 57.7% during the second quarter. Camelot Technology Advisors Inc. now owns 36,952 shares of the exchange traded fund’s stock worth $986,000 after purchasing an additional 13,514 shares during the last quarter. Eastern Bank bought a new position in shares of Invesco DB Agriculture Fund during the 2nd quarter valued at about $347,000. Western Wealth Management LLC bought a new position in shares of Invesco DB Agriculture Fund during the 1st quarter valued at about $110,000. Bank of America Corp DE raised its holdings in shares of 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 valued at $17,435,000 after buying an additional 31,182 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Invesco DB Agriculture Fund by 212.4% during the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock valued at $7,925,000 after buying an additional 197,234 shares in the last quarter. Hedge funds and other institutional investors own 38.63% of the company’s stock.
Invesco DB Agriculture Fund Price Performance
NYSEARCA DBA remained flat at $28.24 during trading on Friday. The company’s stock had a trading volume of 529,567 shares, compared to its average volume of 1,175,719. The company has a market capitalization of $1.26 billion, a PE ratio of 11.32 and a beta of 0.11. The stock has a 50 day moving average of $27.22 and a two-hundred day moving average of $26.81. Invesco DB Agriculture Fund has a fifty-two week low of $25.40 and a fifty-two week high of $28.84.
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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