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

Invesco DB Agriculture Fund (NYSEARCA:DBA) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 612,445 shares, a drop of 81.6% from the June 30th total of 3,332,106 shares. Based on an average trading volume of 935,532 shares, the short-interest ratio is currently 0.7 days. Approximately 1.4% of the shares of the stock are short sold.

Invesco DB Agriculture Fund Price Performance

Shares of DBA stock remained flat at $28.24 during trading hours on Friday. 529,567 shares of the company’s stock traded hands, compared to its average volume of 1,175,719. The stock has a market capitalization of $1.26 billion, a P/E ratio of 11.32 and a beta of 0.11. Invesco DB Agriculture Fund has a 52-week low of $25.40 and a 52-week high of $28.84. The stock has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $26.81.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in Invesco DB Agriculture Fund by 513.6% in 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 during the last quarter. Creative Planning increased its holdings in shares of Invesco DB Agriculture Fund by 28.2% in the second quarter. Creative Planning now owns 11,804 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 2,600 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Invesco DB Agriculture Fund by 5.4% in the second quarter. Daiwa Securities Group Inc. now owns 151,500 shares of the exchange traded fund’s stock worth $3,962,000 after buying an additional 7,800 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Invesco DB Agriculture Fund by 48.5% in the second quarter. The Manufacturers Life Insurance Company now owns 87,229 shares of the exchange traded fund’s stock worth $2,281,000 after buying an additional 28,505 shares during the period. Finally, Main Street Financial Solutions LLC bought a new stake in shares of Invesco DB Agriculture Fund in the 2nd quarter valued at about $427,000. 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.