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

Invesco DB Agriculture Fund (NYSEARCA:DBA) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 357,382 shares, a decline of 71.4% from the August 31st total of 1,247,747 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 1,853,761 shares, the short-interest ratio is presently 0.2 days.

Invesco DB Agriculture Fund Stock Performance

Shares of DBA stock opened at $28.54 on Friday. Invesco DB Agriculture Fund has a 52-week low of $25.40 and a 52-week high of $29.52. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. The firm’s 50-day moving average is $28.35 and its 200-day moving average is $27.60.

Institutional Trading of Invesco DB Agriculture Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC boosted its stake in shares of Invesco DB Agriculture Fund by 10.2% during the 4th quarter. Global Retirement Partners LLC now owns 8,241 shares of the exchange traded fund’s stock worth $210,000 after acquiring an additional 765 shares during the period. NewEdge Advisors LLC boosted its position in Invesco DB Agriculture Fund by 6.6% during the second quarter. NewEdge Advisors LLC now owns 17,727 shares of the exchange traded fund’s stock worth $473,000 after purchasing an additional 1,097 shares during the period. Integrated Wealth Concepts LLC bought a new position in Invesco DB Agriculture Fund during the second quarter worth $29,000. Envestnet Asset Management Inc. increased its holdings in shares of Invesco DB Agriculture Fund by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 26,168 shares of the exchange traded fund’s stock valued at $698,000 after purchasing an additional 1,311 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Invesco DB Agriculture Fund by 6.1% in the fourth quarter. Moors & Cabot Inc. now owns 24,917 shares of the exchange traded fund’s stock valued at $636,000 after purchasing an additional 1,430 shares during the period. Institutional investors own 38.63% of the company’s stock.

Invesco DB Agriculture Fund Company Profile

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.