DGA Absolute Return ETF (NYSE:HF) Short Interest Update

DGA Absolute Return ETF (NYSE:HF) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,805 shares, a drop of 32.4% from the August 15th total of 2,670 shares. Based on an average daily trading volume, of 452 shares, the days-to-cover ratio is presently 4.0 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On DGA Absolute Return ETF

An institutional investor recently raised its position in DGA Absolute Return ETF stock. Doliver Advisors LP raised its position in shares of DGA Absolute Return ETF (NYSE:HF) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 854,601 shares of the company’s stock after buying an additional 15,409 shares during the quarter. DGA Absolute Return ETF comprises 4.3% of Doliver Advisors LP’s portfolio, making the stock its 3rd largest position. Doliver Advisors LP owned approximately 92.89% of DGA Absolute Return ETF worth $19,023,000 at the end of the most recent quarter. 85.83% of the stock is currently owned by institutional investors.

DGA Absolute Return ETF Stock Performance

Shares of HF stock traded down $0.01 on Thursday, hitting $22.70. The stock had a trading volume of 520 shares, compared to its average volume of 863. The stock’s 50 day moving average is $22.55 and its 200-day moving average is $22.00. The firm has a market capitalization of $45.38 million, a price-to-earnings ratio of 7.23 and a beta of 0.36. DGA Absolute Return ETF has a 52-week low of $20.89 and a 52-week high of $22.86.

DGA Absolute Return ETF Company Profile

The DGA Absolute Return ETF (HF) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that investments in unaffiliated ETFs without any limitation to geography or asset classes. The fund aims for long-term capital appreciation and preservation by applying an absolute return approach through a proprietary, analytical investment model. HF was launched on Aug 2, 2023 and is issued by DGA.