Short Interest in DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Drops By 58.8%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,346 shares, a drop of 58.8% from the May 31st total of 8,125 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 4,976 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of DoubleLine Commodity Strategy ETF

Large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in DoubleLine Commodity Strategy ETF in the 2nd quarter valued at about $215,000. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of DoubleLine Commodity Strategy ETF in the 4th quarter valued at $307,000. Lewis Asset Management LLC bought a new position in DoubleLine Commodity Strategy ETF in the first quarter valued at about $477,000. Global Wealth Management Investment Advisory Inc. raised its holdings in DoubleLine Commodity Strategy ETF by 3.8% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock valued at $1,448,000 after buying an additional 2,018 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of DoubleLine Commodity Strategy ETF by 16.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 721,951 shares of the company’s stock valued at $18,841,000 after acquiring an additional 103,834 shares during the last quarter.

DoubleLine Commodity Strategy ETF Stock Performance

DCMT traded down $0.01 during trading on Monday, hitting $30.72. The stock had a trading volume of 2,410 shares, compared to its average volume of 5,400. The company has a 50 day moving average price of $34.01 and a 200-day moving average price of $30.88. DoubleLine Commodity Strategy ETF has a one year low of $25.76 and a one year high of $36.41.

DoubleLine Commodity Strategy ETF Company Profile

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.