Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Large Decline 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 company’s stock are short sold. Based on an average daily trading volume, of 1,853,761 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Invesco DB Agriculture Fund by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 26,168 shares of the exchange traded fund’s stock valued at $698,000 after purchasing an additional 1,311 shares during the last quarter. Gemmer Asset Management LLC bought a new stake in shares of Invesco DB Agriculture Fund during the 2nd quarter valued at about $1,206,000. Integrated Wealth Concepts LLC bought a new stake in Invesco DB Agriculture Fund during the second quarter valued at approximately $29,000. NewEdge Advisors LLC grew its position in shares of Invesco DB Agriculture Fund by 6.6% during the 2nd quarter. NewEdge Advisors LLC now owns 17,727 shares of the exchange traded fund’s stock valued at $473,000 after acquiring an additional 1,097 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Invesco DB Agriculture Fund by 4.5% during the second quarter. HighTower Advisors LLC now owns 479,815 shares of the exchange traded fund’s stock valued at $12,797,000 after purchasing an additional 20,626 shares during the period. Hedge funds and other institutional investors own 38.63% of the company’s stock.

Invesco DB Agriculture Fund Trading Down 1.0%

DBA traded down $0.29 during midday trading on Monday, reaching $28.25. The company’s stock had a trading volume of 1,175,686 shares, compared to its average volume of 1,200,552. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. The stock’s 50-day moving average is $28.35 and its 200-day moving average is $27.61. Invesco DB Agriculture Fund has a 1 year low of $25.40 and a 1 year high of $29.52.

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.