Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Significant Increase in Short Interest

Invesco DB Agriculture Fund (NYSEARCA:DBA) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,247,747 shares, an increase of 449.2% from the August 15th total of 227,193 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average trading volume of 1,604,910 shares, the days-to-cover ratio is presently 0.8 days.

Invesco DB Agriculture Fund Price Performance

Shares of DBA traded down $0.39 during mid-day trading on Friday, reaching $28.93. The stock had a trading volume of 1,330,620 shares, compared to its average volume of 1,195,067. Invesco DB Agriculture Fund has a 52-week low of $25.40 and a 52-week high of $29.52. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. The business’s fifty day moving average is $28.16 and its 200 day moving average is $27.43.

Institutional Trading of Invesco DB Agriculture Fund

Several hedge funds have recently made changes to their positions in DBA. Wells Fargo & Company MN raised its position in shares of Invesco DB Agriculture Fund by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock valued at $23,711,000 after buying an additional 19,922 shares during the period. Bank of America Corp DE grew its position in Invesco DB Agriculture Fund by 5.1% in the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after acquiring an additional 31,182 shares during the period. HighTower Advisors LLC increased its stake 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 worth $12,797,000 after acquiring an additional 20,626 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invesco DB Agriculture Fund by 6.2% during the fourth quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock worth $10,393,000 after acquiring an additional 23,609 shares during the last quarter. Finally, Passaic Partners LLC purchased a new stake in Invesco DB Agriculture Fund in the fourth quarter valued at $9,972,000. 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.