Short Interest in DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Declines By 42.3%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,932 shares, a drop of 42.3% from the June 15th total of 3,346 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,338 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted 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 acquiring an additional 103,834 shares during the period. Lewis Asset Management LLC acquired a new position in shares of DoubleLine Commodity Strategy ETF in the 1st quarter valued at $477,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in DoubleLine Commodity Strategy ETF in the 4th quarter valued at $307,000. Jane Street Group LLC purchased a new stake in DoubleLine Commodity Strategy ETF in the 2nd quarter valued at $215,000. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in DoubleLine Commodity Strategy ETF by 3.8% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock worth $1,448,000 after purchasing an additional 2,018 shares during the period.

DoubleLine Commodity Strategy ETF Price Performance

DCMT traded down $0.21 on Thursday, reaching $32.96. The company had a trading volume of 10,125 shares, compared to its average volume of 5,437. DoubleLine Commodity Strategy ETF has a 1 year low of $25.78 and a 1 year high of $36.41. The stock has a 50-day moving average price of $33.35 and a 200-day moving average price of $31.33.

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.