In today’s session PowerShares DB Agriculture Fund (DBA) registered an unusually high (1,079) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DBA increase. With 1,079 contracts traded and 40634 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DBA170120C00021000 closed last at: $0.3 or 25% down. The stock increased 0.65% or $0.13 on October 4, hitting $20.13. PowerShares DB Agriculture Fund (NYSEARCA:DBA) has risen 0.40% since March 1, 2016 and is uptrending. It has underperformed by 8.84% the S&P500.
PowerShares DB Agriculture Fund is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The company has a market cap of $866.57 million. 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). It currently has negative earnings. 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.
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