DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Stock Short Interest Falls 46.6%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,653 shares, a drop of 46.6% from the September 30th total of 8,707 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 11,470 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in DoubleLine Commodity Strategy ETF stock. Avior Wealth Management LLC bought a new stake in DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,900 shares of the company’s stock, valued at approximately $221,000. Avior Wealth Management LLC owned approximately 0.48% of DoubleLine Commodity Strategy ETF at the end of the most recent quarter.

DoubleLine Commodity Strategy ETF Stock Down 0.4%

Shares of DCMT traded down $0.14 during midday trading on Friday, reaching $38.70. 45,712 shares of the stock were exchanged, compared to its average volume of 7,209. The stock’s 50 day simple moving average is $37.61 and its 200 day simple moving average is $33.52. DoubleLine Commodity Strategy ETF has a twelve month low of $26.02 and a twelve month high of $39.49.

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.