DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Sees Significant Drop in Short Interest

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 2,277 shares, a decline of 31.4% from the December 31st total of 3,321 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 3,263 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 3,263 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

DoubleLine Commodity Strategy ETF Stock Performance

NYSEARCA DCMT traded down $0.46 during mid-day trading on Friday, reaching $28.34. 7,518 shares of the stock were exchanged, compared to its average volume of 4,676. DoubleLine Commodity Strategy ETF has a 1 year low of $23.79 and a 1 year high of $28.97. The business’s 50 day moving average is $27.02 and its 200-day moving average is $26.87.

Institutional Investors Weigh In On DoubleLine Commodity Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of DoubleLine Commodity Strategy ETF during the second quarter worth about $215,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of DoubleLine Commodity Strategy ETF by 8.0% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 49,786 shares of the company’s stock valued at $1,283,000 after purchasing an additional 3,688 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in shares of DoubleLine Commodity Strategy ETF by 3.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 618,117 shares of the company’s stock valued at $16,705,000 after purchasing an additional 19,261 shares during the period.

About DoubleLine Commodity Strategy ETF

The DoubleLine Commodity Strategy ETF (DCMT) is an exchange-traded fund that mostly invests in broad market commodities. The fund provides broad commodity exposure through an actively managed portfolio of commodity-linked derivative instruments. The fund seeks total returns throughout an entire market cycle. DCMT was launched on Jan 31, 2024 and is issued by DoubleLine.