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 decrease in short interest in May. As of May 29th, there was short interest totaling 435,578 shares, a decrease 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.

Institutional Trading of Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in shares of Invesco DB Agriculture Fund by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock worth $23,711,000 after buying an additional 19,922 shares during the period. Bank of America Corp DE grew its position in shares of Invesco DB Agriculture Fund by 5.1% in the 1st quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after buying an additional 31,182 shares during the period. HighTower Advisors LLC grew its position in shares of Invesco DB Agriculture Fund by 1.0% in the 4th quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock worth $12,180,000 after buying an additional 4,686 shares during the period. JPMorgan Chase & Co. grew its position in shares of Invesco DB Agriculture Fund by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock worth $10,393,000 after buying an additional 23,609 shares during the period. Finally, Passaic Partners LLC purchased a new stake in shares of Invesco DB Agriculture Fund in the 4th quarter worth about $9,972,000. 38.63% of the stock is owned by hedge funds and other institutional investors.

Invesco DB Agriculture Fund Trading Down 0.2%

Shares of NYSEARCA DBA opened at $26.28 on Wednesday. Invesco DB Agriculture Fund has a 12 month low of $25.40 and a 12 month high of $28.84. The firm has a market capitalization of $1.17 billion, a PE ratio of 11.32 and a beta of 0.11. The firm has a fifty day simple moving average of $27.43 and a two-hundred day simple moving average of $26.55.

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.