iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Down 59.5% in January

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 774,711 shares, a drop of 59.5% from the December 31st total of 1,911,942 shares. Based on an average daily trading volume, of 806,144 shares, the short-interest ratio is presently 1.0 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 806,144 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of DBMF. Parcion Private Wealth LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth approximately $41,968,000. Raymond James Financial Inc. lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% in the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after acquiring an additional 455,884 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at $12,263,000. Innova Wealth Partners increased its position in iMGP DBi Managed Futures Strategy ETF by 1,178.7% during the 4th quarter. Innova Wealth Partners now owns 428,563 shares of the company’s stock worth $12,025,000 after purchasing an additional 395,047 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in iMGP DBi Managed Futures Strategy ETF by 107.3% in the 3rd quarter. Tidal Investments LLC now owns 703,075 shares of the company’s stock valued at $19,201,000 after purchasing an additional 363,998 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.4%

Shares of NYSEARCA:DBMF traded up $0.12 during trading on Thursday, hitting $30.19. 1,052,942 shares of the stock were exchanged, compared to its average volume of 919,971. The company has a market cap of $2.36 billion, a PE ratio of 24.50 and a beta of -0.20. The company has a fifty day moving average price of $28.91 and a two-hundred day moving average price of $27.68. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $24.52 and a 12-month high of $30.52.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a $1.168 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $4.67 annualized dividend and a dividend yield of 15.5%. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

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.