DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Sees Large Decline in Short Interest

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 3,346 shares, a decrease of 58.8% from the May 31st total of 8,125 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 4,976 shares, the short-interest ratio is currently 0.7 days.

DoubleLine Commodity Strategy ETF Price Performance

Shares of DoubleLine Commodity Strategy ETF stock opened at $30.90 on Wednesday. The stock’s fifty day moving average is $33.94 and its 200 day moving average is $30.93. DoubleLine Commodity Strategy ETF has a one year low of $25.77 and a one year high of $36.41.

Institutional Investors Weigh In On DoubleLine Commodity Strategy ETF

A number of hedge funds have recently bought and sold shares of DCMT. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of DoubleLine Commodity Strategy ETF by 3.8% in 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 during the last quarter. Jane Street Group LLC bought a new position in shares of DoubleLine Commodity Strategy ETF during the 2nd quarter worth $215,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of DoubleLine Commodity Strategy ETF during the fourth quarter valued at $307,000. Lewis Asset Management LLC bought a new stake in shares of DoubleLine Commodity Strategy ETF in the first quarter valued at about $477,000. Finally, Foundations Investment Advisors LLC lifted its stake in DoubleLine Commodity Strategy ETF by 16.8% in the fourth 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 during the period.

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.