DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Sees Significant Drop in Short Interest

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 608 shares, a drop of 62.8% from the August 31st total of 1,635 shares. Based on an average daily trading volume, of 5,612 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

DoubleLine Commodity Strategy ETF Price Performance

NYSEARCA DCMT traded down $0.18 on Monday, hitting $37.43. The stock had a trading volume of 4,784 shares, compared to its average volume of 6,012. DoubleLine Commodity Strategy ETF has a 52-week low of $26.02 and a 52-week high of $38.81. The business’s fifty day moving average price is $35.54 and its 200 day moving average price is $34.14.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

A hedge fund recently bought a new stake in DoubleLine Commodity Strategy ETF stock. Lewis Asset Management LLC bought a new position in shares of DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,316 shares of the company’s stock, valued at approximately $477,000. Lewis Asset Management LLC owned 1.33% of DoubleLine Commodity Strategy ETF as of its most recent SEC filing.

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.