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

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 639,687 shares, a decrease of 40.0% from the April 30th total of 1,065,411 shares. Based on an average trading volume of 1,217,888 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the company’s shares are short sold.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.5%

DBMF traded down $0.17 during mid-day trading on Thursday, hitting $31.25. 378,611 shares of the stock were exchanged, compared to its average volume of 1,447,711. The firm’s fifty day moving average is $30.65 and its two-hundred day moving average is $29.91. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.26 and a 1-year high of $31.66. The company 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

A number of hedge funds have recently bought and sold shares of DBMF. JPMorgan Chase & Co. raised its position in iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after purchasing an additional 7,369,216 shares in the last quarter. TIAA Trust National Association acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $87,820,000. Bank of America Corp DE raised its position in iMGP DBi Managed Futures Strategy ETF by 625.1% in the 1st quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock valued at $45,814,000 after purchasing an additional 1,309,969 shares in the last quarter. Royal Bank of Canada raised its position in iMGP DBi Managed Futures Strategy ETF by 240.8% in the 4th quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after purchasing an additional 537,000 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in 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 in 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.