iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Update

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 1,453,589 shares, an increase of 30.1% from the February 12th total of 1,117,358 shares. Based on an average daily volume of 2,820,605 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.8% of the company’s stock are sold short. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 2,820,605 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth $48,000. LFA Lugano Financial Advisors SA grew its stake in iMGP DBi Managed Futures Strategy ETF by 50.1% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock valued at $85,000 after purchasing an additional 1,013 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $87,000. Advisory Services Network LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $152,000. Finally, Advisors Preferred LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $182,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of DBMF opened at $30.82 on Tuesday. The company has a 50 day moving average price of $29.98 and a 200-day moving average price of $28.77. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $31.66. The stock has a market capitalization of $2.49 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were issued a dividend of $1.168 per share. This is an increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 dividend on an annualized basis and a yield of 15.2%. The ex-dividend date was Tuesday, December 30th.

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.