Invesco DB Agriculture Fund (NYSEARCA:DBA) Shares Break Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $27.33 and traded as low as $27.07. Invesco DB Agriculture Fund shares last traded at $27.11, with a volume of 974,344 shares traded.

Invesco DB Agriculture Fund Stock Performance

The company has a 50 day moving average of $28.48 and a two-hundred day moving average of $27.33. The stock has a market cap of $1.17 billion, a PE ratio of 11.32 and a beta of 0.12.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Hedge funds have recently bought and sold shares of the business. Group One Trading LLC purchased a new stake in shares of Invesco DB Agriculture Fund in the first quarter valued at approximately $1,183,000. Dorsey Wright & Associates acquired a new position in shares of Invesco DB Agriculture Fund during the 1st quarter worth approximately $653,000. D.A. Davidson & CO. raised its stake in shares of Invesco DB Agriculture Fund by 7.7% during the 1st quarter. D.A. Davidson & CO. now owns 75,408 shares of the exchange traded fund’s stock worth $2,060,000 after buying an additional 5,394 shares during the period. IMC Chicago LLC acquired a new position in shares of Invesco DB Agriculture Fund during the 1st quarter worth approximately $1,736,000. Finally, Nwam LLC purchased a new position in shares of Invesco DB Agriculture Fund during the 1st quarter valued at approximately $2,133,000. Hedge funds and other institutional investors own 38.63% of the company’s stock.

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.