DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,635 shares, a drop of 60.4% from the August 15th total of 4,124 shares. Based on an average daily trading volume, of 3,648 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in DoubleLine Commodity Strategy ETF in the 2nd quarter valued at about $215,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in DoubleLine Commodity Strategy ETF during the fourth quarter worth approximately $307,000. Lewis Asset Management LLC acquired a new position in DoubleLine Commodity Strategy ETF during the first quarter worth approximately $477,000. Finally, Foundations Investment Advisors LLC raised its stake in DoubleLine Commodity Strategy ETF by 16.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 721,951 shares of the company’s stock valued at $18,841,000 after buying an additional 103,834 shares during the period.
DoubleLine Commodity Strategy ETF Stock Performance
Shares of DCMT opened at $38.03 on Friday. The company’s fifty day simple moving average is $34.35 and its 200 day simple moving average is $33.48. DoubleLine Commodity Strategy ETF has a 1-year low of $26.02 and a 1-year high of $38.54.
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.
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