Short Interest in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Rises By 118.0%

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,065,411 shares, an increase of 118.0% from the April 15th total of 488,795 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 1,212,250 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MBM Wealth Consultants LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter valued at about $30,000. Capital Advisors Ltd. LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter valued at about $34,000. MidAtlantic Capital Management Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at about $48,000. LFA Lugano Financial Advisors SA raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 50.1% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock valued at $85,000 after buying an additional 1,013 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at about $87,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of DBMF opened at $31.23 on Friday. The company has a 50-day simple moving average of $30.49 and a 200-day simple moving average of $29.65. The firm has a market capitalization of $3.62 billion, a P/E ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.10 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.