Short Interest in DGA Absolute Return ETF (NYSE:HF) Declines By 32.4%

DGA Absolute Return ETF (NYSE:HF) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,805 shares, a decrease of 32.4% from the August 15th total of 2,670 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 452 shares, the short-interest ratio is currently 4.0 days.

Institutional Trading of DGA Absolute Return ETF

A hedge fund recently raised its stake in DGA Absolute Return ETF stock. Doliver Advisors LP increased its holdings in shares of DGA Absolute Return ETF (NYSE:HF) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 854,601 shares of the company’s stock after purchasing an additional 15,409 shares during the quarter. DGA Absolute Return ETF makes up about 4.3% of Doliver Advisors LP’s investment portfolio, making the stock its 3rd biggest holding. Doliver Advisors LP owned 92.89% of DGA Absolute Return ETF worth $19,023,000 at the end of the most recent quarter. 85.83% of the stock is currently owned by institutional investors and hedge funds.

DGA Absolute Return ETF Stock Performance

Shares of DGA Absolute Return ETF stock opened at $22.70 on Friday. The business’s 50 day simple moving average is $22.56 and its 200 day simple moving average is $22.01. DGA Absolute Return ETF has a 52-week low of $20.89 and a 52-week high of $22.86. The firm has a market cap of $45.38 million, a PE ratio of 7.23 and a beta of 0.36.

About DGA Absolute Return ETF

The DGA Absolute Return ETF (HF) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that investments in unaffiliated ETFs without any limitation to geography or asset classes. The fund aims for long-term capital appreciation and preservation by applying an absolute return approach through a proprietary, analytical investment model. HF was launched on Aug 2, 2023 and is issued by DGA.