iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Up 172.5% in July

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,056,953 shares, a growth of 172.5% from the June 30th total of 387,902 shares. Based on an average daily trading volume, of 1,549,579 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 1.9% during the 4th quarter. Morgan Stanley now owns 7,845,100 shares of the company’s stock valued at $220,134,000 after purchasing an additional 149,909 shares during the last quarter. JPMorgan Chase & Co. raised its position in iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after acquiring an additional 7,369,216 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock worth $158,192,000 after buying an additional 355,157 shares during the period. TIAA Trust National Association acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at approximately $87,820,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iMGP DBi Managed Futures Strategy ETF by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,167,671 shares of the company’s stock worth $60,825,000 after buying an additional 198,372 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.5%

iMGP DBi Managed Futures Strategy ETF stock traded down $0.17 during trading hours on Monday, hitting $31.24. 976,732 shares of the company traded hands, compared to its average volume of 1,505,436. The firm has a market cap of $3.98 billion, a P/E ratio of 24.50 and a beta of -0.20. The firm’s 50-day simple moving average is $30.90 and its two-hundred day simple moving average is $30.44. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.34 and a 1-year high of $31.66.

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.