iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Volume Increase – What’s Next?

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw strong trading volume on Monday . 5,716,208 shares were traded during mid-day trading, an increase of 266% from the previous session’s volume of 1,559,905 shares.The stock last traded at $30.60 and had previously closed at $30.92.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.2%

The stock has a market cap of $4.11 billion, a PE ratio of 24.50 and a beta of -0.20. The stock’s fifty day moving average price is $30.87 and its 200 day moving average price is $30.56.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after buying an additional 7,369,216 shares during the last quarter. TIAA Trust National Association purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $87,820,000. Bank of America Corp DE lifted its stake in iMGP DBi Managed Futures Strategy ETF by 625.1% during the 1st quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock valued at $45,814,000 after acquiring an additional 1,309,969 shares during the period. Royal Bank of Canada lifted its stake in iMGP DBi Managed Futures Strategy ETF by 240.8% during the 4th quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after acquiring an additional 537,000 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% during the 2nd 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 during 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.