iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Up 172.5% in July

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,056,953 shares, a growth of 172.5% from the June 30th total of 387,902 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 1,549,579 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1.9% during the 4th quarter. Morgan Stanley now owns 7,845,100 shares of the company’s stock valued at $220,134,000 after buying an additional 149,909 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after purchasing an additional 7,369,216 shares during the last quarter. LPL Financial LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock worth $158,192,000 after buying an additional 355,157 shares during the period. TIAA Trust National Association purchased a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth approximately $87,820,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in iMGP DBi Managed Futures Strategy ETF by 10.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,167,671 shares of the company’s stock worth $60,825,000 after purchasing an additional 198,372 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock traded down $0.17 during trading on Monday, hitting $31.24. The company’s stock had a trading volume of 976,732 shares, compared to its average volume of 1,505,436. The company has a fifty day simple moving average of $30.90 and a two-hundred day simple moving average of $30.44. The company has a market capitalization of $3.98 billion, a PE ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.34 and a 52 week high of $31.66.

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.