Short Interest in DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Drops By 48.9%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 988 shares, a decline of 48.9% from the June 30th total of 1,932 shares. Based on an average daily volume of 5,825 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

DoubleLine Commodity Strategy ETF Trading Down 0.7%

NYSEARCA:DCMT traded down $0.25 during mid-day trading on Thursday, reaching $33.26. 6,225 shares of the stock were exchanged, compared to its average volume of 5,770. The company has a 50 day simple moving average of $32.88 and a 200-day simple moving average of $31.87. DoubleLine Commodity Strategy ETF has a 1 year low of $25.78 and a 1 year high of $36.41.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

A number of institutional investors have recently modified their holdings of DCMT. Global Wealth Management Investment Advisory Inc. raised its position in DoubleLine Commodity Strategy ETF by 3.8% in the 4th 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 during the last quarter. Jane Street Group LLC acquired a new position in DoubleLine Commodity Strategy ETF in the second quarter valued at $215,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in DoubleLine Commodity Strategy ETF in the fourth quarter valued at $307,000. Lewis Asset Management LLC acquired a new position in DoubleLine Commodity Strategy ETF in the first quarter valued at $477,000. Finally, Foundations Investment Advisors LLC raised its holdings in shares of 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 buying an additional 103,834 shares during the last quarter.

About DoubleLine Commodity Strategy ETF

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.