DBA Stock Summary and Trading Ideas (Invesco Db Agriculture | ARCA:DBA)

The Invesco DB Agriculture Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Diversified Agriculture Index Excess Return, (DBIQ Diversified Agriculture Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities. You cannot invest directly in the Index. The Fund and the Index are rebalanced and reconstituted annually in November.

Invesco Db Agriculture trades on the ARCA stock market under the symbol DBA.

As of April 19, 2024, DBA stock price climbed to $26.51 with 880,141 million shares trading.

DBA has a beta of 0.31, meaning it tends to be less sensitive to market movements. DBA has a correlation of 0.10 to the broad based SPY ETF.

DBA has a market cap of $858.93 million. This is considered a Small Cap stock.

In the last 3 years, DBA stock traded as high as $26.52 and as low as $17.50.

DBA has outperformed the market in the last year with a price return of +29.0% while the SPY ETF gained +21.2%. DBA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +27.1% and +6.9%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

DBA support price is $25.65 and resistance is $26.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DBA stock will trade within this expected range on the day.