DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,635 shares, a decrease of 60.4% from the August 15th total of 4,124 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 3,648 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Trading of DoubleLine Commodity Strategy ETF
Several institutional investors and hedge funds have recently modified their holdings of the business. Lewis Asset Management LLC bought a new stake in shares of DoubleLine Commodity Strategy ETF during the 1st quarter valued at about $477,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in DoubleLine Commodity Strategy ETF in the fourth quarter valued at approximately $307,000. Finally, Foundations Investment Advisors LLC raised 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 valued at $18,841,000 after purchasing an additional 103,834 shares in the last quarter.
DoubleLine Commodity Strategy ETF Trading Up 1.6%
Shares of DCMT stock traded up $0.62 on Tuesday, reaching $38.70. The company’s stock had a trading volume of 5,254 shares, compared to its average volume of 5,536. DoubleLine Commodity Strategy ETF has a 12-month low of $26.02 and a 12-month high of $38.81. The stock’s 50 day simple moving average is $34.49 and its 200-day simple moving average is $33.58.
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.
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