iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 639,687 shares, a decline of 40.0% from the April 30th total of 1,065,411 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 1,217,888 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 35.1% during the 4th quarter. Fortitude Family Office LLC now owns 448,656 shares of the company’s stock worth $12,589,000 after acquiring an additional 116,484 shares during the last quarter. Carrera Capital Advisors bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $5,490,000. AmeriServ Wealth Advisors bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth $2,171,000. Aspiriant LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $3,665,000. Finally, FMA Wealth Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $6,944,000.
iMGP DBi Managed Futures Strategy ETF Stock Up 0.9%
Shares of DBMF stock opened at $31.29 on Tuesday. The firm has a market capitalization of $3.62 billion, a P/E ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $25.26 and a twelve month high of $31.66. The stock’s fifty day simple moving average is $30.58 and its 200 day simple moving average is $29.88.
iMGP DBi Managed Futures Strategy ETF Company Profile
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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