iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Shorted: Short Interest Down 73.7% in October

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,369,242 shares, a decrease of 73.7% from the September 30th total of 5,212,502 shares. Based on an average trading volume of 2,883,581 shares, the short-interest ratio is currently 0.5 days. Currently, 0.8% of the shares of the company are sold short.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of DBMF traded down $0.23 during trading hours on Friday, hitting $32.47. The stock had a trading volume of 1,531,910 shares, compared to its average volume of 1,856,554. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21. The firm has a 50-day moving average price of $32.26 and a 200 day moving average price of $31.00. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $27.92 and a fifty-two week high of $33.60.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the second quarter valued at about $33,000. Allworth Financial LP lifted its position in iMGP DBi Managed Futures Strategy ETF by 1,596.0% during the 2nd quarter. Allworth Financial LP now owns 1,713 shares of the company’s stock worth $52,000 after acquiring an additional 1,612 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at approximately $64,000. Parallel Advisors LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the first quarter worth about $129,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 2nd quarter worth about $196,000.

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.