DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Sees Significant Decrease in Short Interest

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 2,277 shares, a drop of 31.4% from the December 31st total of 3,321 shares. Based on an average daily trading volume, of 3,263 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,263 shares, the days-to-cover ratio is presently 0.7 days.

DoubleLine Commodity Strategy ETF Stock Performance

Shares of DCMT traded down $0.97 during mid-day trading on Monday, hitting $27.37. 7,436 shares of the company traded hands, compared to its average volume of 4,806. The business has a 50 day moving average of $27.03 and a 200 day moving average of $26.88. DoubleLine Commodity Strategy ETF has a 1-year low of $23.79 and a 1-year high of $28.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DCMT. Jane Street Group LLC purchased a new stake in shares of DoubleLine Commodity Strategy ETF during the second quarter valued at $215,000. Global Wealth Management Investment Advisory Inc. raised its stake in shares of DoubleLine Commodity Strategy ETF by 8.0% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 49,786 shares of the company’s stock worth $1,283,000 after purchasing an additional 3,688 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of DoubleLine Commodity Strategy ETF by 3.2% in 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 last quarter.

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.