DGA Absolute Return ETF (NYSE:HF) Short Interest Update

DGA Absolute Return ETF (NYSE:HF) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 1,805 shares, a drop of 32.4% from the August 15th total of 2,670 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 452 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in DGA Absolute Return ETF stock. Doliver Advisors LP boosted its position in DGA Absolute Return ETF (NYSE:HF) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 854,601 shares of the company’s stock after acquiring an additional 15,409 shares during the quarter. DGA Absolute Return ETF accounts for 4.3% of Doliver Advisors LP’s investment portfolio, making the stock its 3rd biggest position. Doliver Advisors LP owned 92.89% of DGA Absolute Return ETF worth $19,023,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 85.83% of the company’s stock.

DGA Absolute Return ETF Price Performance

NYSE:HF traded down $0.01 on Thursday, reaching $22.70. The stock had a trading volume of 520 shares, compared to its average volume of 863. The company has a market cap of $45.38 million, a price-to-earnings ratio of 7.23 and a beta of 0.36. DGA Absolute Return ETF has a 12-month low of $20.89 and a 12-month high of $22.86. The firm’s fifty day moving average is $22.55 and its two-hundred day moving average is $22.00.

DGA Absolute Return ETF Company Profile

The DGA Absolute Return ETF (HF) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that investments in unaffiliated ETFs without any limitation to geography or asset classes. The fund aims for long-term capital appreciation and preservation by applying an absolute return approach through a proprietary, analytical investment model. HF was launched on Aug 2, 2023 and is issued by DGA.