iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Unusually-High Trading Volume – Here’s Why
by Mitch Edgeman · The Markets DailyiMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) shares saw an uptick in trading volume on Tuesday . 4,400,382 shares changed hands during trading, an increase of 202% from the previous session’s volume of 1,456,468 shares.The stock last traded at $30.53 and had previously closed at $30.44.
iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%
The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21. The firm has a 50-day moving average of $30.39 and a two-hundred day moving average of $29.14.
Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF
Large investors have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $48,000. LFA Lugano Financial Advisors SA lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 50.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $87,000. Advisory Services Network LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $152,000. Finally, Advisors Preferred LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $182,000.
iMGP DBi Managed Futures Strategy ETF Company Profile
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.