DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Short Interest Up 358.5% in July

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 4,530 shares, an increase of 358.5% from the July 15th total of 988 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 9,602 shares, the days-to-cover ratio is currently 0.5 days.

DoubleLine Commodity Strategy ETF Price Performance

Shares of DCMT stock traded down $0.38 during trading hours on Thursday, reaching $34.04. 5,077 shares of the company were exchanged, compared to its average volume of 5,701. DoubleLine Commodity Strategy ETF has a fifty-two week low of $25.84 and a fifty-two week high of $36.41. The stock’s fifty day moving average is $32.64 and its two-hundred day moving average is $32.32.

Institutional Investors Weigh In On DoubleLine Commodity Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. raised its holdings in DoubleLine Commodity Strategy ETF by 3.8% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock worth $1,448,000 after purchasing an additional 2,018 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of DoubleLine Commodity Strategy ETF during the 2nd quarter worth approximately $215,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of 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 in the first quarter valued at approximately $477,000. Finally, Foundations Investment Advisors LLC boosted 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 acquiring an additional 103,834 shares during the last quarter.

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.