iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 387,902 shares, a decrease of 54.0% from the June 15th total of 843,425 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,750,247 shares, the days-to-cover ratio is presently 0.2 days.
iMGP DBi Managed Futures Strategy ETF Stock Performance
DBMF stock traded up $0.01 during trading on Tuesday, hitting $31.00. 445,588 shares of the company’s stock traded hands, compared to its average volume of 1,491,530. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.34 and a 52 week high of $31.66. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The business has a fifty day simple moving average of $30.86 and a 200 day simple moving average of $30.29.
Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after purchasing an additional 7,369,216 shares during the last quarter. TIAA Trust National Association purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $87,820,000. Bank of America Corp DE lifted its position in iMGP DBi Managed Futures Strategy ETF by 625.1% in the first quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock worth $45,814,000 after buying an additional 1,309,969 shares during the last quarter. Royal Bank of Canada lifted its position in iMGP DBi Managed Futures Strategy ETF by 240.8% in the fourth quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock worth $21,325,000 after buying an additional 537,000 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in iMGP DBi Managed Futures Strategy ETF by 54.9% in the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after buying an additional 455,884 shares during the last quarter.
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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