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

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMTGet Free Report) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 17,566 shares, a growth of 671.5% from the January 15th total of 2,277 shares. Based on an average daily volume of 6,175 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.8% of the shares of the stock are sold short. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 6,175 shares, the days-to-cover ratio is currently 2.8 days.

DoubleLine Commodity Strategy ETF Stock Up 0.8%

Shares of DCMT traded up $0.22 during mid-day trading on Wednesday, hitting $28.11. 2,208 shares of the company’s stock were exchanged, compared to its average volume of 4,718. The stock’s 50-day moving average is $27.12 and its 200-day moving average is $26.93. DoubleLine Commodity Strategy ETF has a fifty-two week low of $23.79 and a fifty-two week high of $28.97.

Institutional Investors Weigh In On DoubleLine Commodity Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in DCMT. Jane Street Group LLC acquired a new stake in DoubleLine Commodity Strategy ETF during the second quarter worth about $215,000. Global Wealth Management Investment Advisory Inc. raised its holdings in DoubleLine Commodity Strategy ETF by 8.0% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 49,786 shares of the company’s stock valued at $1,283,000 after buying an additional 3,688 shares during the period. Finally, Foundations Investment Advisors LLC lifted its position in DoubleLine Commodity Strategy ETF by 3.2% during the third quarter. Foundations Investment Advisors LLC now owns 618,117 shares of the company’s stock valued at $16,705,000 after buying an additional 19,261 shares in the last quarter.

DoubleLine Commodity Strategy ETF Company Profile

(Get Free Report)

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.

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