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

Invesco DB Agriculture Fund (NYSEARCA:DBA) saw a significant increase in short interest in the month of 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. Currently, 7.5% of the company’s shares are short sold. Based on an average daily volume of 1,261,967 shares, the short-interest ratio is presently 2.6 days.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Large investors have recently modified their holdings of the company. Passaic Partners LLC acquired a new position in Invesco DB Agriculture Fund in the fourth quarter valued at $9,972,000. The Manufacturers Life Insurance Company grew its holdings in Invesco DB Agriculture Fund by 983.2% during 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 period. Royal Bank of Canada raised its position 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 in the last quarter. Jane Street Group LLC raised its position in shares of Invesco DB Agriculture Fund by 513.6% in the 1st quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock worth $3,618,000 after acquiring an additional 114,965 shares in the last quarter. Finally, Nwam LLC acquired a new position in shares of Invesco DB Agriculture Fund in the 1st quarter valued at about $2,133,000. 38.63% of the stock is currently owned by institutional investors and hedge funds.

Invesco DB Agriculture Fund Stock Performance

Shares of DBA stock traded down $0.06 on Monday, hitting $27.71. The company had a trading volume of 1,130,345 shares, compared to its average volume of 1,204,870. Invesco DB Agriculture Fund has a twelve month low of $25.40 and a twelve month high of $28.84. The firm has a market cap of $1.24 billion, a P/E ratio of 11.32 and a beta of 0.11. The stock’s 50-day moving average is $27.26 and its two-hundred day moving average is $26.65.

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.