DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Short Interest Down 58.8% in June

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,346 shares, a drop of 58.8% from the May 31st total of 8,125 shares. Based on an average daily trading volume, of 4,976 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On DoubleLine Commodity Strategy ETF

A number of large investors have recently bought and sold shares of the stock. Lewis Asset Management LLC purchased a new stake in shares of DoubleLine Commodity Strategy ETF during the 1st quarter valued at $477,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of DoubleLine Commodity Strategy ETF in the 4th quarter worth $307,000. Foundations Investment Advisors LLC boosted its holdings 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 acquiring an additional 103,834 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in DoubleLine Commodity Strategy ETF by 3.8% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock valued at $1,448,000 after acquiring an additional 2,018 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in DoubleLine Commodity Strategy ETF during the second quarter valued at about $215,000.

DoubleLine Commodity Strategy ETF Trading Up 0.6%

Shares of NYSEARCA DCMT traded up $0.18 on Tuesday, reaching $30.90. 1,939 shares of the company traded hands, compared to its average volume of 5,372. DoubleLine Commodity Strategy ETF has a fifty-two week low of $25.77 and a fifty-two week high of $36.41. The company has a 50 day moving average of $33.94 and a 200 day moving average of $30.93.

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.