DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Stock Short Interest Rises 1,175.0%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 59,327 shares, an increase of 1,175.0% from the October 15th total of 4,653 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average trading volume of 23,122 shares, the short-interest ratio is presently 2.6 days.

DoubleLine Commodity Strategy ETF Price Performance

DCMT stock traded up $0.27 during midday trading on Wednesday, reaching $35.76. The stock had a trading volume of 3,354 shares, compared to its average volume of 7,922. The business has a fifty day simple moving average of $37.76 and a two-hundred day simple moving average of $33.84. DoubleLine Commodity Strategy ETF has a twelve month low of $26.02 and a twelve month high of $39.49.

Institutional Trading of DoubleLine Commodity Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Global Wealth Management Investment Advisory Inc. increased its stake in shares of DoubleLine Commodity Strategy ETF by 3.1% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 58,081 shares of the company’s stock valued at $2,172,000 after acquiring an additional 1,749 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of DoubleLine Commodity Strategy ETF in the third quarter valued at approximately $206,000. Finally, Avior Wealth Management LLC bought a new stake in shares of DoubleLine Commodity Strategy ETF during the third quarter worth $221,000.

DoubleLine Commodity Strategy ETF Company Profile

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.