iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 387,902 shares, a decrease of 54.0% from the June 15th total of 843,425 shares. Based on an average trading volume of 1,750,247 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold.
iMGP DBi Managed Futures Strategy ETF Price Performance
Shares of iMGP DBi Managed Futures Strategy ETF stock traded up $0.01 during trading on Tuesday, hitting $31.00. The stock had a trading volume of 445,588 shares, compared to its average volume of 1,491,530. The firm’s fifty day simple moving average is $30.86 and its 200-day simple moving average is $30.29. The stock has a market cap of $3.83 billion, a PE ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.34 and a 12 month high of $31.66.
Institutional Trading of iMGP DBi Managed Futures Strategy ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Professional Financial Advisors LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 5.9% in the second quarter. Professional Financial Advisors LLC now owns 335,666 shares of the company’s stock worth $10,275,000 after purchasing an additional 18,746 shares during the last quarter. Rockland Trust Co. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 10.9% during the second quarter. Rockland Trust Co. now owns 695,808 shares of the company’s stock valued at $21,299,000 after buying an additional 68,154 shares during the last quarter. Ryan Investment Management Inc. bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter valued at approximately $482,000. Fermata Advisors LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.7% during the second quarter. Fermata Advisors LLC now owns 193,737 shares of the company’s stock valued at $5,930,000 after buying an additional 6,997 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 5.4% in the second quarter. CoreCap Advisors LLC now owns 175,093 shares of the company’s stock worth $5,360,000 after buying an additional 8,998 shares during the period.
About iMGP DBi Managed Futures Strategy ETF
The iMGP DBi Managed Futures Strategy ETF (DBMF) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund aims to emulate the performance of a group of CTA hedge funds. The funds model allocates weights to derivatives selected by the funds active managers. DBMF was launched on May 8, 2019 and is managed by iM.
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