Powershares DB Agricultural Fund (DBA) gained 41 cents to $26.46 Thursday and about18,000 calls traded on the ETF, compared to 860 puts. Trading was active in April 30, April 31, Jan11 30, and Oct 26 calls. Total open interest increased by 11K (compared to +598 puts). DBA is an exchange-traded fund designed to track prices of corn, wheat, and other agricultural products. The bullish trading seems to reflect expectations for higher commodity prices in months ahead
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.