Short Interest in DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Declines By 42.3%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,932 shares, a decline of 42.3% from the June 15th total of 3,346 shares. Based on an average trading volume of 4,338 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

Large investors have recently modified their holdings of the business. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of 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 period. Jane Street Group LLC acquired a new position in DoubleLine Commodity Strategy ETF during the second quarter worth $215,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in DoubleLine Commodity Strategy ETF during the fourth quarter worth $307,000. Lewis Asset Management LLC purchased a new position in DoubleLine Commodity Strategy ETF in the first quarter worth $477,000. Finally, Foundations Investment Advisors LLC raised its position 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 worth $18,841,000 after acquiring an additional 103,834 shares in the last quarter.

DoubleLine Commodity Strategy ETF Trading Down 0.6%

NYSEARCA DCMT traded down $0.21 during trading hours on Thursday, hitting $32.96. 10,125 shares of the stock were exchanged, compared to its average volume of 5,437. DoubleLine Commodity Strategy ETF has a 12-month low of $25.78 and a 12-month high of $36.41. The stock has a 50-day moving average of $33.35 and a 200 day moving average of $31.33.

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.