iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Significant Growth in Short Interest

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,065,411 shares, a growth of 118.0% from the April 15th total of 488,795 shares. Based on an average daily volume of 1,212,250 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.9% of the company’s stock are short sold.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF traded down $0.01 on Friday, hitting $31.23. The stock had a trading volume of 1,124,734 shares, compared to its average volume of 1,407,741. The business’s fifty day moving average price is $30.49 and its 200 day moving average price is $29.66. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $25.10 and a 52-week high of $31.66. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Midwest Financial Group LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 0.4% in the first quarter. Midwest Financial Group LLC now owns 80,922 shares of the company’s stock worth $2,440,000 after purchasing an additional 344 shares during the last quarter. Advyzon Investment Management LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 3.8% in the third quarter. Advyzon Investment Management LLC now owns 11,415 shares of the company’s stock worth $312,000 after purchasing an additional 421 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 4.2% in the first quarter. Integrated Advisors Network LLC now owns 10,675 shares of the company’s stock worth $322,000 after purchasing an additional 427 shares during the last quarter. Proactive Wealth Strategies LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 2.2% in the fourth quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock worth $563,000 after purchasing an additional 432 shares during the last quarter. Finally, Able Wealth Management LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 8.5% in the first quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock worth $246,000 after purchasing an additional 641 shares during the last quarter.

About iMGP DBi Managed Futures Strategy ETF

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.