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

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,932 shares, a drop of 42.3% from the June 15th total of 3,346 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,338 shares, the short-interest ratio is presently 0.4 days.

DoubleLine Commodity Strategy ETF Stock Up 1.2%

DCMT stock traded up $0.40 on Friday, hitting $33.36. The company’s stock had a trading volume of 4,502 shares, compared to its average volume of 5,431. The firm has a 50 day moving average of $33.32 and a two-hundred day moving average of $31.38. DoubleLine Commodity Strategy ETF has a 1 year low of $25.78 and a 1 year high of $36.41.

Institutional Investors Weigh In On DoubleLine Commodity Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Foundations Investment Advisors LLC increased its position in DoubleLine Commodity Strategy ETF by 16.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 721,951 shares of the company’s stock valued at $18,841,000 after acquiring an additional 103,834 shares during the period. Lewis Asset Management LLC purchased a new position in shares of DoubleLine Commodity Strategy ETF in the 1st quarter valued at approximately $477,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of DoubleLine Commodity Strategy ETF in the fourth quarter valued at approximately $307,000. Jane Street Group LLC purchased a new stake in shares of DoubleLine Commodity Strategy ETF during the second quarter worth approximately $215,000. Finally, Global Wealth Management Investment Advisory Inc. raised its stake in shares of DoubleLine Commodity Strategy ETF by 3.8% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock worth $1,448,000 after purchasing an additional 2,018 shares during the last quarter.

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.