Short Interest in Invesco DB Agriculture Fund (NYSEARCA:DBA) Drops By 52.4%

Invesco DB Agriculture Fund (NYSEARCA:DBA) was the recipient of a large decrease in short interest in 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. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 761,835 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its position in shares of Invesco DB Agriculture Fund by 513.6% during the 1st quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock valued at $3,618,000 after purchasing an additional 114,965 shares during the period. Creative Planning boosted its holdings in Invesco DB Agriculture Fund by 28.2% in the 2nd quarter. Creative Planning now owns 11,804 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 2,600 shares during the period. Daiwa Securities Group Inc. increased its stake in Invesco DB Agriculture Fund by 5.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 151,500 shares of the exchange traded fund’s stock worth $3,962,000 after buying an additional 7,800 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Invesco DB Agriculture Fund by 48.5% during the second quarter. The Manufacturers Life Insurance Company now owns 87,229 shares of the exchange traded fund’s stock valued at $2,281,000 after acquiring an additional 28,505 shares during the period. Finally, Main Street Financial Solutions LLC bought a new stake in Invesco DB Agriculture Fund during the second quarter valued at about $427,000. Institutional investors own 38.63% of the company’s stock.

Invesco DB Agriculture Fund Price Performance

DBA stock traded up $0.15 on Friday, reaching $27.77. 450,823 shares of the company traded hands, compared to its average volume of 1,133,948. The firm has a fifty day simple moving average of $27.28 and a 200-day simple moving average of $27.01. The company has a market cap of $1.20 billion, a P/E ratio of 11.32 and a beta of 0.11. Invesco DB Agriculture Fund has a one year low of $25.40 and a one year high of $28.84.

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.