Invesco DB Agriculture Fund (NYSEARCA:DBA) Short Interest Down 76.2% in May

Invesco DB Agriculture Fund (NYSEARCA:DBA) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 435,578 shares, a drop of 76.2% from the May 14th total of 1,829,504 shares. Based on an average daily volume of 1,194,395 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.0% of the company’s shares are sold short.

Invesco DB Agriculture Fund Stock Performance

Shares of NYSEARCA:DBA traded down $0.03 during midday trading on Thursday, reaching $26.30. The company had a trading volume of 1,012,447 shares, compared to its average volume of 1,223,127. Invesco DB Agriculture Fund has a 1-year low of $25.40 and a 1-year high of $28.84. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. The company has a fifty day simple moving average of $27.40 and a two-hundred day simple moving average of $26.55.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DBA. Intellectus Partners LLC lifted its stake in Invesco DB Agriculture Fund by 8.1% in the 4th quarter. Intellectus Partners LLC now owns 36,042 shares of the exchange traded fund’s stock worth $920,000 after acquiring an additional 2,697 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Invesco DB Agriculture Fund by 6.1% during the 4th quarter. Moors & Cabot Inc. now owns 24,917 shares of the exchange traded fund’s stock worth $636,000 after purchasing an additional 1,430 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Invesco DB Agriculture Fund by 10.2% during the 4th quarter. Global Retirement Partners LLC now owns 8,241 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 765 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Invesco DB Agriculture Fund by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock worth $12,180,000 after purchasing an additional 4,686 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Invesco DB Agriculture Fund during the 4th quarter worth about $30,000. Institutional investors and hedge funds 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.