iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Shorted: Short Interest Up 270.9% in September

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 5,212,502 shares, a growth of 270.9% from the September 15th total of 1,405,206 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 2,529,590 shares, the short-interest ratio is currently 2.1 days.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.5%

Shares of DBMF stock traded down $0.15 during trading hours on Tuesday, hitting $33.16. 317,717 shares of the company’s stock were exchanged, compared to its average volume of 1,771,721. The company has a market capitalization of $5.64 billion, a PE ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $27.78 and a 12-month high of $33.40. The business’s 50 day simple moving average is $31.83 and its 200-day simple moving average is $31.13.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a dividend of $0.1456 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. This is a decrease from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Large investors have recently added to or reduced their stakes in the business. Longview Financial Advisors Inc. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2.4% during the third quarter. Longview Financial Advisors Inc. now owns 185,569 shares of the company’s stock valued at $6,037,000 after buying an additional 4,362 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 2.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 983,562 shares of the company’s stock valued at $31,995,000 after acquiring an additional 27,978 shares during the period. CoreCap Advisors LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 14.2% during the 3rd quarter. CoreCap Advisors LLC now owns 199,895 shares of the company’s stock valued at $6,503,000 after acquiring an additional 24,802 shares during the period. Worth Asset Management LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 34.7% during the 3rd quarter. Worth Asset Management LLC now owns 67,102 shares of the company’s stock worth $2,183,000 after acquiring an additional 17,277 shares during the last quarter. Finally, Stonebridge Financial Group LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 19.5% during the 3rd quarter. Stonebridge Financial Group LLC now owns 72,003 shares of the company’s stock worth $2,342,000 after acquiring an additional 11,771 shares during the last quarter.

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.