DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 59,327 shares, an increase of 1,175.0% from the October 15th total of 4,653 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,122 shares, the days-to-cover ratio is currently 2.6 days.
Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF
Large investors have recently added to or reduced their stakes in the stock. Global Wealth Management Investment Advisory Inc. lifted its holdings in DoubleLine Commodity Strategy ETF by 3.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 58,081 shares of the company’s stock valued at $2,172,000 after purchasing an additional 1,749 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of DoubleLine Commodity Strategy ETF during the third quarter worth about $206,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of DoubleLine Commodity Strategy ETF during the third quarter worth about $221,000.
DoubleLine Commodity Strategy ETF Trading Up 1.1%
Shares of NYSEARCA:DCMT traded up $0.38 during midday trading on Thursday, reaching $36.00. 12,247 shares of the company’s stock traded hands, compared to its average volume of 7,947. The company has a fifty day simple moving average of $37.73 and a two-hundred day simple moving average of $33.88. DoubleLine Commodity Strategy ETF has a 1 year low of $26.02 and a 1 year high of $39.49.
About DoubleLine Commodity Strategy ETF
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.
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