iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Short Interest Up 172.5% in July

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,056,953 shares, a growth of 172.5% from the June 30th total of 387,902 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 1,549,579 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Professional Financial Advisors LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 5.9% in the 2nd quarter. Professional Financial Advisors LLC now owns 335,666 shares of the company’s stock valued at $10,275,000 after buying an additional 18,746 shares during the period. Rockland Trust Co. lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 10.9% in the 2nd quarter. Rockland Trust Co. now owns 695,808 shares of the company’s stock valued at $21,299,000 after purchasing an additional 68,154 shares in the last quarter. Ryan Investment Management Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 2nd quarter valued at about $482,000. Fermata Advisors LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.7% during the 2nd quarter. Fermata Advisors LLC now owns 193,737 shares of the company’s stock worth $5,930,000 after purchasing an additional 6,997 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 5.4% during the 2nd quarter. CoreCap Advisors LLC now owns 175,093 shares of the company’s stock worth $5,360,000 after purchasing an additional 8,998 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF traded down $0.23 during trading hours on Tuesday, reaching $31.04. 1,378,388 shares of the company traded hands, compared to its average volume of 1,506,472. The stock has a market cap of $3.95 billion, a P/E ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.34 and a 1-year high of $31.66. The firm’s 50-day moving average is $30.90 and its 200-day moving average is $30.48.

About iMGP DBi Managed Futures Strategy ETF

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.