DGA Absolute Return ETF (NYSE:HF) Shares Shorted: Short Interest Down 86.5% in September

DGA Absolute Return ETF (NYSE:HF) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 311 shares, a drop of 86.5% from the September 15th total of 2,312 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of DGA Absolute Return ETF

An institutional investor recently bought a new stake in DGA Absolute Return ETF stock. Doliver Advisors LP bought a new stake in DGA Absolute Return ETF (NYSE:HF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 853,492 shares of the company’s stock, valued at approximately $19,143,000. DGA Absolute Return ETF comprises about 4.1% of Doliver Advisors LP’s investment portfolio, making the stock its 3rd biggest position. Doliver Advisors LP owned approximately 61.40% of DGA Absolute Return ETF at the end of the most recent reporting period. 85.83% of the stock is owned by hedge funds and other institutional investors.

DGA Absolute Return ETF Price Performance

Shares of NYSE HF traded up $0.06 during midday trading on Friday, hitting $22.62. The stock had a trading volume of 311 shares, compared to its average volume of 807. The firm has a market cap of $31.44 million, a P/E ratio of 7.20 and a beta of 0.36. DGA Absolute Return ETF has a fifty-two week low of $20.89 and a fifty-two week high of $22.86. The company’s 50-day simple moving average is $22.64 and its 200 day simple moving average is $22.14.

About DGA Absolute Return ETF

The DGA Absolute Return ETF (HF) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that investments in unaffiliated ETFs without any limitation to geography or asset classes. The fund aims for long-term capital appreciation and preservation by applying an absolute return approach through a proprietary, analytical investment model. HF was launched on Aug 2, 2023 and is issued by DGA.