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

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 988 shares, a decline of 48.9% from the June 30th total of 1,932 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,825 shares, the short-interest ratio is currently 0.2 days.

DoubleLine Commodity Strategy ETF Stock Performance

Shares of NYSEARCA:DCMT opened at $33.26 on Friday. The firm’s 50 day moving average is $32.88 and its two-hundred day moving average is $31.87. DoubleLine Commodity Strategy ETF has a 52 week low of $25.78 and a 52 week high of $36.41.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCMT. Jane Street Group LLC bought a new stake in DoubleLine Commodity Strategy ETF during the 2nd quarter valued at $215,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of DoubleLine Commodity Strategy ETF during the fourth quarter valued at $307,000. Lewis Asset Management LLC bought a new stake in shares of DoubleLine Commodity Strategy ETF during the first quarter valued at about $477,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in DoubleLine Commodity Strategy ETF by 3.8% in 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 period. Finally, Foundations Investment Advisors LLC raised its stake in shares of 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 worth $18,841,000 after buying an additional 103,834 shares in the last quarter.

About DoubleLine Commodity Strategy ETF

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.