iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Down 54.0% in June

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 387,902 shares, a drop of 54.0% from the June 15th total of 843,425 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,750,247 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DBMF. Fortitude Family Office LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 35.1% during the 4th quarter. Fortitude Family Office LLC now owns 448,656 shares of the company’s stock worth $12,589,000 after buying an additional 116,484 shares during the last quarter. Carrera Capital Advisors bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $5,490,000. FMA Wealth Management LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $6,944,000. Parcion Private Wealth LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1.3% in the 4th quarter. Parcion Private Wealth LLC now owns 1,556,637 shares of the company’s stock valued at $43,679,000 after purchasing an additional 19,903 shares in the last quarter. Finally, Aspiriant LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at approximately $3,665,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.4%

Shares of NYSEARCA:DBMF traded down $0.12 during trading on Thursday, reaching $30.87. 773,464 shares of the stock were exchanged, compared to its average volume of 1,491,115. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.34 and a 12 month high of $31.66. The stock has a 50-day moving average price of $30.88 and a 200-day moving average price of $30.31. The firm has a market cap of $3.84 billion, a PE ratio of 24.50 and a beta of -0.20.

About iMGP DBi Managed Futures Strategy ETF

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.