Invesco DB Agriculture Fund Sees Unusually High Options Volume (NYSEARCA:DBA)

Invesco DB Agriculture Fund (NYSEARCA:DBA) was the target of unusually large options trading on Wednesday. Traders purchased 3,285 call options on the company. This represents an increase of 121% compared to the average daily volume of 1,487 call options.

Invesco DB Agriculture Fund Stock Performance

NYSEARCA:DBA opened at $26.87 on Thursday. The company has a market cap of $968.66 million, a PE ratio of 11.32 and a beta of 0.18. Invesco DB Agriculture Fund has a 52-week low of $25.28 and a 52-week high of $28.01. The stock has a 50-day simple moving average of $26.38 and a 200 day simple moving average of $26.28.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in Invesco DB Agriculture Fund by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock valued at $23,711,000 after purchasing an additional 19,922 shares in the last quarter. HighTower Advisors LLC grew its stake in Invesco DB Agriculture Fund by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock valued at $12,180,000 after purchasing an additional 4,686 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Invesco DB Agriculture Fund by 6.2% in the fourth quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock valued at $10,393,000 after purchasing an additional 23,609 shares in the last quarter. Passaic Partners LLC bought a new position in Invesco DB Agriculture Fund in the fourth quarter valued at approximately $9,972,000. Finally, Daiwa Securities Group Inc. grew its stake in Invesco DB Agriculture Fund by 11.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 177,600 shares of the exchange traded fund’s stock valued at $4,532,000 after purchasing an additional 18,300 shares in the last quarter. 38.63% of the stock is currently owned by institutional investors.

Invesco DB Agriculture Fund Company Profile

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.