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

Invesco DB Agriculture Fund (NYSEARCA:DBA) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 612,445 shares, a decline 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 days-to-cover ratio is presently 0.7 days. Currently, 1.4% of the company’s stock are sold short.

Invesco DB Agriculture Fund Stock Performance

Shares of Invesco DB Agriculture Fund stock remained flat at $28.24 during trading hours on Friday. The stock had a trading volume of 529,567 shares, compared to its average volume of 1,175,719. Invesco DB Agriculture Fund has a 12 month low of $25.40 and a 12 month high of $28.84. The stock has a market cap of $1.26 billion, a P/E ratio of 11.32 and a beta of 0.11. The stock has a fifty day moving average of $27.22 and a 200 day moving average of $26.81.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Several hedge funds and other institutional investors have recently bought and sold shares of DBA. International Assets Investment Management LLC acquired a new stake in Invesco DB Agriculture Fund during the fourth quarter valued at approximately $30,000. MGO One Seven LLC lifted its holdings in Invesco DB Agriculture Fund by 27.5% during the 4th quarter. MGO One Seven LLC now owns 111,953 shares of the exchange traded fund’s stock worth $2,857,000 after buying an additional 24,164 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Invesco DB Agriculture Fund by 1.4% in the 4th quarter. Citizens Financial Group Inc. RI now owns 140,569 shares of the exchange traded fund’s stock worth $3,587,000 after acquiring an additional 1,973 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Invesco DB Agriculture Fund in the 4th quarter worth approximately $63,000. Finally, D.A. Davidson & CO. increased its holdings in shares of Invesco DB Agriculture Fund by 67.1% in the 4th quarter. D.A. Davidson & CO. now owns 70,014 shares of the exchange traded fund’s stock valued at $1,787,000 after acquiring an additional 28,116 shares during the last quarter. 38.63% of the stock is currently owned by hedge funds and other institutional investors.

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.