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

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 608 shares, a drop of 62.8% from the August 31st total of 1,635 shares. Based on an average daily trading volume, of 5,612 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

An institutional investor recently bought a new stake in DoubleLine Commodity Strategy ETF stock. Lewis Asset Management LLC bought a new stake in shares of DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,316 shares of the company’s stock, valued at approximately $477,000. Lewis Asset Management LLC owned about 1.33% of DoubleLine Commodity Strategy ETF as of its most recent filing with the Securities and Exchange Commission.

DoubleLine Commodity Strategy ETF Stock Down 1.5%

Shares of NYSEARCA:DCMT traded down $0.59 during trading on Friday, reaching $37.61. The company’s stock had a trading volume of 35,819 shares, compared to its average volume of 6,019. DoubleLine Commodity Strategy ETF has a 12 month low of $26.02 and a 12 month high of $38.81. The firm’s 50 day simple moving average is $35.45 and its two-hundred day simple moving average is $34.08.

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.