DGA Absolute Return ETF (NYSE:HF) Sees Significant Drop in Short Interest

DGA Absolute Return ETF (NYSE:HF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 185 shares, a decline of 40.5% from the September 30th total of 311 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 159 shares, the days-to-cover ratio is currently 1.2 days.

DGA Absolute Return ETF Price Performance

Shares of HF stock traded down $0.03 during trading on Monday, reaching $22.56. The company had a trading volume of 1,046 shares, compared to its average volume of 767. The company has a market capitalization of $31.35 million, a PE ratio of 7.18 and a beta of 0.36. The firm’s 50 day simple moving average is $22.62 and its two-hundred day simple moving average is $22.00. DGA Absolute Return ETF has a one year low of $20.89 and a one year high of $22.86.

Hedge Funds Weigh In On DGA Absolute Return ETF

An institutional investor recently bought a new position in DGA Absolute Return ETF stock. Doliver Advisors LP purchased a new stake in shares of DGA Absolute Return ETF (NYSE:HF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 853,492 shares of the company’s stock, valued at approximately $19,143,000. DGA Absolute Return ETF accounts for approximately 4.1% of Doliver Advisors LP’s portfolio, making the stock its 3rd largest holding. Doliver Advisors LP owned approximately 61.40% of DGA Absolute Return ETF at the end of the most recent quarter. Institutional investors own 85.83% of the company’s stock.

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.