Short Interest in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Rises By 118.0%

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,065,411 shares, an increase of 118.0% from the April 15th total of 488,795 shares. Based on an average daily volume of 1,212,250 shares, the short-interest ratio is presently 0.9 days. Approximately 0.9% of the company’s stock are short sold.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.0%

DBMF stock opened at $31.23 on Friday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.10 and a 1 year high of $31.66. The company has a fifty day simple moving average of $30.49 and a 200 day simple moving average of $29.65. The firm has a market cap of $3.62 billion, a PE ratio of 24.50 and a beta of -0.21.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of DBMF. JPMorgan Chase & Co. lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 248,279 shares of the company’s stock valued at $6,388,000 after purchasing an additional 8,963 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 33,263 shares of the company’s stock valued at $856,000 after purchasing an additional 1,277 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 4.7% in the 2nd quarter. MML Investors Services LLC now owns 66,849 shares of the company’s stock valued at $1,720,000 after purchasing an additional 2,998 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 140.7% in the 2nd quarter. Tidal Investments LLC now owns 339,077 shares of the company’s stock valued at $8,724,000 after purchasing an additional 198,219 shares during the last quarter.

About iMGP DBi Managed Futures Strategy ETF

The iMGP DBi Managed Futures Strategy ETF (DBMF) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund aims to emulate the performance of a group of CTA hedge funds. The funds model allocates weights to derivatives selected by the funds active managers. DBMF was launched on May 8, 2019 and is managed by iM.