Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Large Volume Increase – Here’s Why

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) saw unusually-strong trading volume on Monday . Approximately 1,076,500 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 1,209,244 shares.The stock last traded at $26.7450 and had previously closed at $26.63.

Invesco DB Agriculture Fund Price Performance

The business has a 50-day moving average of $27.32 and a 200 day moving average of $26.58. The company has a market cap of $1.19 billion, a PE ratio of 11.32 and a beta of 0.11.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Passaic Partners LLC bought a new stake in Invesco DB Agriculture Fund during the fourth quarter valued at about $9,972,000. The Manufacturers Life Insurance Company boosted its stake 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 acquiring an additional 257,619 shares during the period. Royal Bank of Canada grew its position in shares of Invesco DB Agriculture Fund by 212.4% during the first quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock worth $7,925,000 after purchasing an additional 197,234 shares in the last quarter. Jane Street Group LLC grew its position in shares of Invesco DB Agriculture Fund by 513.6% during the first quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock worth $3,618,000 after purchasing an additional 114,965 shares in the last quarter. Finally, Nwam LLC purchased a new stake in shares of Invesco DB Agriculture Fund during the first quarter worth about $2,133,000. 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.