DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT – Get Free Report) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 59,327 shares, a growth of 1,175.0% from the October 15th total of 4,653 shares. Based on an average daily volume of 23,122 shares, the days-to-cover ratio is presently 2.6 days. Currently, 4.2% of the shares of the company are sold short.
DoubleLine Commodity Strategy ETF Price Performance
Shares of NYSEARCA:DCMT traded down $0.13 during trading on Tuesday, hitting $35.49. 11,577 shares of the stock were exchanged, compared to its average volume of 7,943. The company’s fifty day simple moving average is $37.76 and its 200-day simple moving average is $33.84. DoubleLine Commodity Strategy ETF has a 1-year low of $26.02 and a 1-year high of $39.49.
Institutional Trading of DoubleLine Commodity Strategy ETF
Large investors have recently made changes to their positions in the business. Global Wealth Management Investment Advisory Inc. boosted its position in DoubleLine Commodity Strategy ETF by 3.1% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 58,081 shares of the company’s stock valued at $2,172,000 after buying an additional 1,749 shares during the last quarter. Avior Wealth Management LLC bought a new position in DoubleLine Commodity Strategy ETF in the third quarter valued at about $221,000. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new position in DoubleLine Commodity Strategy ETF in the third quarter valued at about $206,000.
About DoubleLine Commodity Strategy ETF
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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