iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Significant Growth in Short Interest

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 5,212,502 shares, an increase of 270.9% from the September 15th total of 1,405,206 shares. Based on an average trading volume of 2,529,590 shares, the days-to-cover ratio is currently 2.1 days. Currently, 3.2% of the shares of the company are short sold.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.7%

Shares of DBMF stock traded up $0.24 during trading on Friday, reaching $33.15. 2,158,921 shares of the company’s stock traded hands, compared to its average volume of 1,783,841. The firm’s 50-day moving average is $31.78 and its 200 day moving average is $31.09. The company has a market capitalization of $5.58 billion, a P/E ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $27.15 and a 1 year high of $33.38.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

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

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of hedge funds have recently made changes to their positions in the business. Longview Financial Advisors Inc. grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.4% in the third quarter. Longview Financial Advisors Inc. now owns 185,569 shares of the company’s stock worth $6,037,000 after purchasing an additional 4,362 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 983,562 shares of the company’s stock worth $31,995,000 after acquiring an additional 27,978 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 14.2% in the 3rd quarter. CoreCap Advisors LLC now owns 199,895 shares of the company’s stock valued at $6,503,000 after purchasing an additional 24,802 shares during the period. Worth Asset Management LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 34.7% in the 3rd quarter. Worth Asset Management LLC now owns 67,102 shares of the company’s stock valued at $2,183,000 after purchasing an additional 17,277 shares during the period. Finally, Stonebridge Financial Group LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 19.5% in the 3rd quarter. Stonebridge Financial Group LLC now owns 72,003 shares of the company’s stock valued at $2,342,000 after purchasing an additional 11,771 shares during the period.

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.