iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Stock Short Interest Report for October

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,369,242 shares, a decline of 73.7% from the September 30th total of 5,212,502 shares. Based on an average trading volume of 2,883,581 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in iMGP DBi Managed Futures Strategy ETF by 625.1% in the 1st quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock valued at $45,814,000 after purchasing an additional 1,309,969 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 0.5% during the second quarter. Tidal Investments LLC now owns 1,390,852 shares of the company’s stock worth $42,574,000 after buying an additional 7,073 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.9% during the third quarter. Farther Finance Advisors LLC now owns 983,562 shares of the company’s stock worth $31,995,000 after buying an additional 27,978 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 21.4% during the first quarter. Royal Bank of Canada now owns 922,338 shares of the company’s stock worth $27,808,000 after buying an additional 162,363 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 15.1% in the second quarter. Concurrent Investment Advisors LLC now owns 760,768 shares of the company’s stock valued at $23,287,000 after buying an additional 99,674 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF traded up $0.14 during mid-day trading on Wednesday, hitting $32.93. The company’s stock had a trading volume of 1,633,188 shares, compared to its average volume of 1,859,560. The business’s fifty day moving average is $32.20 and its two-hundred day moving average is $30.96. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $27.92 and a 1 year high of $33.60.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.1456 per share. This is a decrease from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 29th.

iMGP DBi Managed Futures Strategy ETF Company Profile

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.