iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Strong Trading Volume – Time to Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw an uptick in trading volume on Wednesday . 4,835,810 shares traded hands during trading, an increase of 855% from the previous session’s volume of 506,338 shares.The stock last traded at $25.51 and had previously closed at $25.49.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.1 %

The stock has a 50-day moving average of $26.42 and a 200 day moving average of $27.13. The stock has a market cap of $1.33 billion, a PE ratio of 24.50 and a beta of -0.15.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $39,000. Transce3nd LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $49,000. Stonebridge Financial Group LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $63,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $67,000.

iMGP DBi Managed Futures Strategy ETF Company Profile

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.