Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 291,535 shares, a decrease of 52.4% from the July 15th total of 612,345 shares. Based on an average daily volume of 761,835 shares, the short-interest ratio is currently 0.4 days. Currently, 0.7% of the shares of the stock are sold short.
Hedge Funds Weigh In On Invesco DB Agriculture Fund
Hedge funds have recently modified their holdings of the stock. M Holdings Securities Inc. raised its position in shares of Invesco DB Agriculture Fund by 3.8% during the fourth quarter. M Holdings Securities Inc. now owns 17,244 shares of the exchange traded fund’s stock worth $440,000 after purchasing an additional 627 shares during the period. Global Retirement Partners LLC boosted its position in shares of Invesco DB Agriculture Fund by 10.2% in the 4th quarter. Global Retirement Partners LLC now owns 8,241 shares of the exchange traded fund’s stock valued at $210,000 after purchasing an additional 765 shares during the period. &PARTNERS boosted its position in shares of Invesco DB Agriculture Fund by 3.4% in the 4th quarter. &PARTNERS now owns 26,508 shares of the exchange traded fund’s stock valued at $676,000 after purchasing an additional 864 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Invesco DB Agriculture Fund in the 4th quarter valued at $30,000. Finally, National Bank of Canada FI increased its stake in Invesco DB Agriculture Fund by 3.9% in the 3rd quarter. National Bank of Canada FI now owns 32,100 shares of the exchange traded fund’s stock worth $859,000 after purchasing an additional 1,195 shares in the last quarter. 38.63% of the stock is currently owned by institutional investors and hedge funds.
Invesco DB Agriculture Fund Stock Up 0.5%
Invesco DB Agriculture Fund stock traded up $0.15 during mid-day trading on Friday, hitting $27.77. The company’s stock had a trading volume of 450,823 shares, compared to its average volume of 1,133,948. The stock has a market capitalization of $1.20 billion, a P/E ratio of 11.32 and a beta of 0.11. Invesco DB Agriculture Fund has a twelve month low of $25.40 and a twelve month high of $28.84. The stock’s fifty day moving average price is $27.28 and its two-hundred day moving average price is $27.02.
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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