iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Update

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 387,902 shares, a decrease of 54.0% from the June 15th total of 843,425 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,750,247 shares, the days-to-cover ratio is currently 0.2 days.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.1%

DBMF stock traded down $0.03 during trading hours on Wednesday, hitting $30.99. 1,060,223 shares of the stock traded hands, compared to its average volume of 1,496,909. The stock has a 50-day simple moving average of $30.88 and a 200 day simple moving average of $30.31. The company has a market cap of $3.86 billion, a P/E ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.34 and a one year high of $31.66.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after buying an additional 7,369,216 shares in the last quarter. TIAA Trust National Association purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $87,820,000. Bank of America Corp DE increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 625.1% in the first quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock worth $45,814,000 after acquiring an additional 1,309,969 shares during the last quarter. Royal Bank of Canada increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 240.8% in the fourth quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock worth $21,325,000 after acquiring an additional 537,000 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after acquiring an additional 455,884 shares in the last quarter.

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.