DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Stock Short Interest Declines 46.6%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,653 shares, a drop of 46.6% from the September 30th total of 8,707 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 11,470 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On DoubleLine Commodity Strategy ETF

An institutional investor recently bought a new stake in DoubleLine Commodity Strategy ETF stock. Avior Wealth Management LLC purchased a new stake in shares of DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,900 shares of the company’s stock, valued at approximately $221,000. Avior Wealth Management LLC owned about 0.48% of DoubleLine Commodity Strategy ETF at the end of the most recent quarter.

DoubleLine Commodity Strategy ETF Stock Down 3.2%

NYSEARCA DCMT traded down $1.25 on Monday, hitting $37.45. 33,632 shares of the stock were exchanged, compared to its average volume of 7,335. The stock has a fifty day moving average price of $37.65 and a two-hundred day moving average price of $33.57. DoubleLine Commodity Strategy ETF has a 52-week low of $26.02 and a 52-week high of $39.49.

About DoubleLine Commodity Strategy ETF

The DoubleLine Commodity Strategy ETF (DCMT) is an exchange-traded fund that mostly invests in broad market commodities. The fund provides broad commodity exposure through an actively managed portfolio of commodity-linked derivative instruments. The fund seeks total returns throughout an entire market cycle. DCMT was launched on Jan 31, 2024 and is issued by DoubleLine.