DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Sees Large Growth in Short Interest

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,530 shares, a growth of 358.5% from the July 15th total of 988 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 9,602 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of DoubleLine Commodity Strategy ETF in the 2nd quarter valued at $215,000. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in DoubleLine Commodity Strategy ETF in the fourth quarter worth $307,000. Lewis Asset Management LLC acquired a new stake in DoubleLine Commodity Strategy ETF in the first quarter worth $477,000. Global Wealth Management Investment Advisory Inc. increased its stake in DoubleLine Commodity Strategy ETF by 3.8% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock valued at $1,448,000 after purchasing an additional 2,018 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in DoubleLine Commodity Strategy ETF by 16.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 721,951 shares of the company’s stock valued at $18,841,000 after purchasing an additional 103,834 shares in the last quarter.

DoubleLine Commodity Strategy ETF Stock Up 0.5%

Shares of DoubleLine Commodity Strategy ETF stock traded up $0.18 on Friday, hitting $34.22. 573 shares of the company’s stock traded hands, compared to its average volume of 5,668. The company has a fifty day moving average of $32.64 and a two-hundred day moving average of $32.32. DoubleLine Commodity Strategy ETF has a one year low of $25.84 and a one year high of $36.41.

DoubleLine Commodity Strategy ETF Company Profile

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.