iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Stock Short Interest Report for October

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

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF traded down $0.23 on Thursday, reaching $32.70. 1,803,532 shares of the company’s stock traded hands, compared to its average volume of 1,859,295. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $27.92 and a 12 month high of $33.60. The stock has a 50-day simple moving average of $32.23 and a 200 day simple moving average of $30.98. The stock has a market cap of $5.18 billion, a PE ratio of 24.50 and a beta of -0.21.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

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

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Institutional investors have recently added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at about $33,000. Allworth Financial LP lifted its holdings 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 buying an additional 1,612 shares during the last quarter. MCF Advisors LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the second quarter valued at approximately $64,000. Parallel Advisors LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the first quarter valued at $129,000. Finally, Ameritas Advisory Services LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $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.