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

Invesco DB Agriculture Fund (NYSEARCA:DBA) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 435,578 shares, a decrease of 76.2% from the May 14th total of 1,829,504 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,194,395 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of large investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in shares of Invesco DB Agriculture Fund in the first quarter worth $110,000. Bank of America Corp DE boosted its holdings in shares of Invesco DB Agriculture Fund by 5.1% in the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after acquiring an additional 31,182 shares during the period. Royal Bank of Canada boosted its holdings in shares of Invesco DB Agriculture Fund by 212.4% in the first 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Invesco DB Agriculture Fund by 983.2% in the first quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after buying an additional 257,619 shares in the last quarter. Finally, Galaxy Digital Inc. purchased a new stake in shares of Invesco DB Agriculture Fund in the first quarter worth about $411,000. 38.63% of the stock is owned by institutional investors.

Invesco DB Agriculture Fund Trading Down 0.2%

Shares of DBA stock traded down $0.06 during trading on Friday, reaching $26.24. 810,288 shares of the company’s stock traded hands, compared to its average volume of 1,219,459. The company has a market capitalization of $1.17 billion, a P/E ratio of 11.32 and a beta of 0.11. The firm’s 50-day moving average is $27.38 and its 200 day moving average is $26.55. Invesco DB Agriculture Fund has a 1 year low of $25.40 and a 1 year 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.