Short Interest in DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Rises By 671.5%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 17,566 shares, a growth of 671.5% from the January 15th total of 2,277 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 6,175 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 6,175 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.8% of the company’s shares are short sold.

Institutional Trading of DoubleLine Commodity Strategy ETF

A number of institutional investors have recently bought and sold shares of the business. Global Wealth Management Investment Advisory Inc. raised its position in shares of DoubleLine Commodity Strategy ETF by 8.0% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 49,786 shares of the company’s stock valued at $1,283,000 after acquiring an additional 3,688 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of DoubleLine Commodity Strategy ETF during the second quarter worth $215,000. Finally, Foundations Investment Advisors LLC grew its stake in shares of DoubleLine Commodity Strategy ETF by 3.2% during the third quarter. Foundations Investment Advisors LLC now owns 618,117 shares of the company’s stock worth $16,705,000 after purchasing an additional 19,261 shares during the period.

DoubleLine Commodity Strategy ETF Stock Down 2.0%

Shares of NYSEARCA DCMT traded down $0.55 during mid-day trading on Thursday, hitting $27.59. The company’s stock had a trading volume of 5,022 shares, compared to its average volume of 4,777. DoubleLine Commodity Strategy ETF has a one year low of $23.79 and a one year high of $28.97. The company’s fifty day simple moving average is $27.14 and its 200-day simple moving average is $26.94.

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.