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

Invesco DB Agriculture Fund (NYSEARCA:DBA) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,332,106 shares, an increase of 453.5% from the June 15th total of 601,999 shares. Based on an average daily trading volume, of 1,261,967 shares, the short-interest ratio is presently 2.6 days. Currently, 7.5% of the company’s shares are sold short.

Invesco DB Agriculture Fund Stock Performance

Shares of NYSEARCA:DBA traded up $0.06 during mid-day trading on Friday, reaching $27.77. 1,455,081 shares of the company’s stock were exchanged, compared to its average volume of 1,205,734. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. The business’s fifty day moving average price is $27.26 and its 200-day moving average price is $26.64. Invesco DB Agriculture Fund has a twelve month low of $25.40 and a twelve month high of $28.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DBA. MGO One Seven LLC boosted its holdings in Invesco DB Agriculture Fund by 27.5% in the fourth quarter. MGO One Seven LLC now owns 111,953 shares of the exchange traded fund’s stock valued at $2,857,000 after acquiring an additional 24,164 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in Invesco DB Agriculture Fund by 1.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 140,569 shares of the exchange traded fund’s stock worth $3,587,000 after purchasing an additional 1,973 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Invesco DB Agriculture Fund in the 4th quarter worth approximately $63,000. D.A. Davidson & CO. lifted its position in shares of Invesco DB Agriculture Fund by 67.1% in the 4th quarter. D.A. Davidson & CO. now owns 70,014 shares of the exchange traded fund’s stock worth $1,787,000 after purchasing an additional 28,116 shares during the period. Finally, PFG Investments LLC boosted its stake in shares of Invesco DB Agriculture Fund by 253.0% in the 4th quarter. PFG Investments LLC now owns 60,175 shares of the exchange traded fund’s stock valued at $1,536,000 after purchasing an additional 43,126 shares during the last quarter. 38.63% of the stock is owned by institutional investors and hedge funds.

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.