DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Short Interest Up 389.9% in March

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 4,056 shares, an increase of 389.9% from the February 26th total of 828 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 4,501 shares, the days-to-cover ratio is currently 0.9 days.

DoubleLine Commodity Strategy ETF Stock Performance

DCMT stock traded up $0.42 during trading hours on Thursday, hitting $32.86. The company’s stock had a trading volume of 4,213 shares, compared to its average volume of 5,154. The stock has a 50 day moving average price of $29.41 and a two-hundred day moving average price of $27.81. DoubleLine Commodity Strategy ETF has a 12 month low of $23.79 and a 12 month high of $33.56.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

Several hedge funds have recently bought and sold shares of DCMT. Walser Wealth Management Company A Ltd Liability Co bought a new position in DoubleLine Commodity Strategy ETF during the fourth quarter valued at about $307,000. Foundations Investment Advisors LLC boosted its stake in shares of DoubleLine Commodity Strategy ETF by 16.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 721,951 shares of the company’s stock worth $18,841,000 after acquiring an additional 103,834 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of DoubleLine Commodity Strategy ETF by 3.8% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock worth $1,448,000 after acquiring an additional 2,018 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of DoubleLine Commodity Strategy ETF during the 2nd quarter valued at about $215,000.

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.