iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Shorted: Short Interest Up 270.9% in September

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,212,502 shares, a growth of 270.9% from the September 15th total of 1,405,206 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,529,590 shares, the short-interest ratio is presently 2.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Midwest Financial Group LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 0.4% in the first quarter. Midwest Financial Group LLC now owns 80,922 shares of the company’s stock valued at $2,440,000 after buying an additional 344 shares during the period. Integrated Advisors Network LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 4.2% in the 1st quarter. Integrated Advisors Network LLC now owns 10,675 shares of the company’s stock valued at $322,000 after purchasing an additional 427 shares during the period. Essential Partners LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.7% during the first quarter. Essential Partners LLC now owns 24,202 shares of the company’s stock worth $730,000 after acquiring an additional 629 shares in the last quarter. Able Wealth Management LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 8.5% during the 1st quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock worth $246,000 after purchasing an additional 641 shares in the last quarter. Finally, Centaurus Financial Inc. raised its position in iMGP DBi Managed Futures Strategy ETF by 2.0% in the 1st quarter. Centaurus Financial Inc. now owns 39,931 shares of the company’s stock valued at $1,204,000 after buying an additional 782 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.7%

Shares of iMGP DBi Managed Futures Strategy ETF stock traded up $0.24 on Friday, hitting $33.15. The stock had a trading volume of 2,158,921 shares, compared to its average volume of 1,783,841. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21. The business’s 50 day moving average is $31.78 and its two-hundred day moving average is $31.09. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $27.15 and a twelve month high of $33.38.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.1456 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.58 annualized dividend and a yield of 1.8%. This is a decrease from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529.

iMGP DBi Managed Futures Strategy ETF Company Profile

(Get Free Report)

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.

Further Reading

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