DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Sees Significant Drop in Short Interest

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 608 shares, a drop of 62.8% from the August 31st total of 1,635 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 5,612 shares, the days-to-cover ratio is currently 0.1 days.

DoubleLine Commodity Strategy ETF Stock Down 1.5%

NYSEARCA DCMT traded down $0.59 on Friday, hitting $37.61. 35,819 shares of the stock were exchanged, compared to its average volume of 6,019. DoubleLine Commodity Strategy ETF has a 52-week low of $26.02 and a 52-week high of $38.81. The stock has a fifty day moving average price of $35.45 and a two-hundred day moving average price of $34.08.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

An institutional investor recently bought a new position in DoubleLine Commodity Strategy ETF stock. Lewis Asset Management LLC purchased a new stake in shares of DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,316 shares of the company’s stock, valued at approximately $477,000. Lewis Asset Management LLC owned about 1.33% of DoubleLine Commodity Strategy ETF at the end of the most recent quarter.

DoubleLine Commodity Strategy ETF Company Profile

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.