iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Update

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,453,589 shares, a growth of 30.1% from the February 12th total of 1,117,358 shares. Based on an average trading volume of 2,820,605 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.8% of the company’s stock are sold short. Currently, 1.8% of the company’s stock are sold short. Based on an average trading volume of 2,820,605 shares, the days-to-cover ratio is presently 0.5 days.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.5%

Shares of DBMF traded up $0.16 during midday trading on Monday, hitting $30.82. The company had a trading volume of 1,336,252 shares, compared to its average volume of 1,458,637. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The company’s 50 day moving average price is $29.98 and its 200 day moving average price is $28.77. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $24.52 and a 52 week high of $31.66.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a dividend of $1.168 per share. The ex-dividend date was Tuesday, December 30th. This is an increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 annualized dividend and a yield of 15.2%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at approximately $48,000. LFA Lugano Financial Advisors SA boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 50.1% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares during the period. Lloyd Advisory Services LLC. bought a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at $87,000. Advisory Services Network LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth $152,000. Finally, Advisors Preferred LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $182,000.

iMGP DBi Managed Futures Strategy ETF Company Profile

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.