iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Up 172.5% in July

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,056,953 shares, a growth of 172.5% from the June 30th total of 387,902 shares. Based on an average daily volume of 1,549,579 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fortitude Family Office LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 35.1% during the fourth 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 in the last quarter. Carrera Capital Advisors bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $5,490,000. Parcion Private Wealth LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1.3% during the fourth quarter. Parcion Private Wealth LLC now owns 1,556,637 shares of the company’s stock valued at $43,679,000 after purchasing an additional 19,903 shares in the last quarter. Prentice Wealth Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter valued at approximately $13,136,000. Finally, Aspiriant LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $3,665,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

DBMF stock traded up $0.05 during midday trading on Wednesday, hitting $31.09. The stock had a trading volume of 262,554 shares, compared to its average volume of 1,496,599. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The business has a 50-day moving average of $30.90 and a two-hundred day moving average of $30.48. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $25.34 and a 52-week high of $31.66.

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.