iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Significant Increase in Short Interest

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,873,917 shares, an increase of 77.3% from the July 15th total of 1,056,953 shares. Based on an average daily volume of 1,912,881 shares, the short-interest ratio is presently 1.0 days. Currently, 1.4% of the company’s shares are sold short.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MBM Wealth Consultants LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 1st quarter worth about $30,000. Capital Advisors Ltd. LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth about $34,000. MidAtlantic Capital Management Inc. purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $48,000. LFA Lugano Financial Advisors SA lifted its stake in iMGP DBi Managed Futures Strategy ETF by 50.1% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $87,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock traded down $0.24 on Tuesday, reaching $31.30. The company had a trading volume of 510,317 shares, compared to its average volume of 1,593,596. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The firm’s 50-day moving average price is $30.89 and its two-hundred day moving average price is $30.69. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.67 and a 1 year high of $31.66.

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.