iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Decrease in Short Interest

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,026,075 shares, a decrease of 29.4% from the February 26th total of 1,453,589 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 1,552,789 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $48,000. LFA Lugano Financial Advisors SA increased its holdings in iMGP DBi Managed Futures Strategy ETF by 50.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth approximately $87,000. Advisory Services Network LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at approximately $152,000. Finally, Advisors Preferred LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $182,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:DBMF traded up $0.37 during trading on Friday, reaching $30.23. 988,190 shares of the stock were exchanged, compared to its average volume of 1,411,524. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.52 and a 1-year high of $31.66. The stock has a fifty day moving average of $30.25 and a two-hundred day moving average of $28.99. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $1.168 dividend. This represents a $4.67 dividend on an annualized basis and a dividend yield of 15.5%. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, December 30th.

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.