DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 4,530 shares, a growth of 358.5% from the July 15th total of 988 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 9,602 shares, the short-interest ratio is currently 0.5 days.
DoubleLine Commodity Strategy ETF Price Performance
Shares of DCMT remained flat at $34.30 during mid-day trading on Wednesday. 2,942 shares of the stock were exchanged, compared to its average volume of 5,690. DoubleLine Commodity Strategy ETF has a 12-month low of $25.78 and a 12-month high of $36.41. The business has a 50-day simple moving average of $32.66 and a two-hundred day simple moving average of $32.22.
Institutional Investors Weigh In On DoubleLine Commodity Strategy ETF
Several hedge funds have recently added to or reduced their stakes in DCMT. Foundations Investment Advisors LLC lifted its stake in DoubleLine Commodity Strategy ETF by 16.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 721,951 shares of the company’s stock worth $18,841,000 after purchasing an additional 103,834 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of DoubleLine Commodity Strategy ETF by 3.8% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock valued at $1,448,000 after acquiring an additional 2,018 shares during the last quarter. Lewis Asset Management LLC purchased a new stake in DoubleLine Commodity Strategy ETF during the 1st quarter valued at about $477,000. Walser Wealth Management Company A Ltd Liability Co bought a new position in DoubleLine Commodity Strategy ETF during the 4th quarter worth approximately $307,000. Finally, Jane Street Group LLC bought a new position in DoubleLine Commodity Strategy ETF during the 2nd quarter worth approximately $215,000.
About DoubleLine Commodity Strategy ETF
The DoubleLine Commodity Strategy ETF (DCMT) is an exchange-traded fund that mostly invests in broad market commodities. The fund provides broad commodity exposure through an actively managed portfolio of commodity-linked derivative instruments. The fund seeks total returns throughout an entire market cycle. DCMT was launched on Jan 31, 2024 and is issued by DoubleLine.
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