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

Invesco DB Agriculture Fund (NYSEARCA:DBA) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 357,382 shares, a decrease of 71.4% from the August 31st total of 1,247,747 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 1,853,761 shares, the days-to-cover ratio is currently 0.2 days.

Invesco DB Agriculture Fund Stock Down 0.0%

Shares of NYSEARCA:DBA opened at $28.54 on Friday. Invesco DB Agriculture Fund has a 12-month low of $25.40 and a 12-month high of $29.52. The business has a 50 day moving average of $28.35 and a 200-day moving average of $27.60. The stock has a market cap of $1.23 billion, a PE ratio of 11.32 and a beta of 0.11.

Institutional Trading of Invesco DB Agriculture Fund

Institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its holdings in Invesco DB Agriculture Fund by 10.2% in the 4th quarter. Global Retirement Partners LLC now owns 8,241 shares of the exchange traded fund’s stock valued at $210,000 after buying an additional 765 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco DB Agriculture Fund by 6.6% during the second quarter. NewEdge Advisors LLC now owns 17,727 shares of the exchange traded fund’s stock worth $473,000 after buying an additional 1,097 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco DB Agriculture Fund in the second quarter valued at about $29,000. Envestnet Asset Management Inc. boosted its position in shares of Invesco DB Agriculture Fund by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 26,168 shares of the exchange traded fund’s stock valued at $698,000 after acquiring an additional 1,311 shares during the period. Finally, Moors & Cabot Inc. grew its stake in shares of Invesco DB Agriculture Fund by 6.1% in the fourth quarter. Moors & Cabot Inc. now owns 24,917 shares of the exchange traded fund’s stock valued at $636,000 after acquiring an additional 1,430 shares in the last quarter. 38.63% of the stock is currently owned by institutional investors.

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.