iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,873,917 shares, a growth of 77.3% from the July 15th total of 1,056,953 shares. Based on an average daily volume of 1,912,881 shares, the short-interest ratio is presently 1.0 days. Approximately 1.4% of the shares of the company are short sold.
iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%
NYSEARCA:DBMF traded up $0.03 during mid-day trading on Monday, hitting $31.38. 113,515 shares of the company’s stock traded hands, compared to its average volume of 1,592,993. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The firm has a 50 day moving average of $30.87 and a two-hundred day moving average of $30.67. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.67 and a 12 month high of $31.66.
Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF
Several hedge funds have recently modified their holdings of the business. Carrera Capital Advisors bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $5,490,000. Prentice Wealth Management LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at about $13,136,000. Englebert Financial Advisers LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $694,000. Richmond Investment Services LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the first quarter valued at about $540,000. Finally, Hyundai Investments Co. Ltd. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $479,000.
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.
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