iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Down 69.2% in April

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 488,795 shares, a drop of 69.2% from the March 31st total of 1,585,173 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,461,481 shares, the short-interest ratio is currently 0.3 days.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%

NYSEARCA DBMF traded up $0.04 during trading hours on Friday, reaching $30.51. 717,950 shares of the company traded hands, compared to its average volume of 1,454,982. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.00 and a 12 month high of $31.66. The stock has a market capitalization of $3.53 billion, a PE ratio of 24.50 and a beta of -0.22. The company has a 50 day moving average of $30.49 and a two-hundred day moving average of $29.41.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. MBM Wealth Consultants LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at $30,000. Capital Advisors Ltd. LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at $34,000. MidAtlantic Capital Management Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $48,000. LFA Lugano Financial Advisors SA boosted its stake in iMGP DBi Managed Futures Strategy ETF by 50.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock valued at $85,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $87,000.

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.