DGA Absolute Return ETF (NYSE:HF) Sees Significant Decline in Short Interest

DGA Absolute Return ETF (NYSE:HF) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,805 shares, a decline of 32.4% from the August 15th total of 2,670 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 452 shares, the short-interest ratio is presently 4.0 days.

DGA Absolute Return ETF Stock Performance

HF opened at $22.68 on Friday. The firm has a 50 day moving average price of $22.56 and a 200 day moving average price of $22.01. The company has a market cap of $45.35 million, a PE ratio of 7.22 and a beta of 0.36. DGA Absolute Return ETF has a 1 year low of $20.89 and a 1 year high of $22.86.

Institutional Investors Weigh In On DGA Absolute Return ETF

An institutional investor recently raised its position in DGA Absolute Return ETF stock. Doliver Advisors LP lifted its holdings in shares of DGA Absolute Return ETF (NYSE:HF) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 854,601 shares of the company’s stock after acquiring an additional 15,409 shares during the quarter. DGA Absolute Return ETF comprises approximately 4.3% of Doliver Advisors LP’s holdings, making the stock its 3rd biggest holding. Doliver Advisors LP owned approximately 92.89% of DGA Absolute Return ETF worth $19,023,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 85.83% of the company’s stock.

DGA Absolute Return ETF Company Profile

The DGA Absolute Return ETF (HF) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that investments in unaffiliated ETFs without any limitation to geography or asset classes. The fund aims for long-term capital appreciation and preservation by applying an absolute return approach through a proprietary, analytical investment model. HF was launched on Aug 2, 2023 and is issued by DGA.