iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Strong Trading Volume – What’s Next?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares saw unusually-high trading volume on Wednesday . Approximately 2,561,355 shares were traded during trading, an increase of 111% from the previous session’s volume of 1,213,760 shares.The stock last traded at $26.67 and had previously closed at $26.64.

iMGP DBi Managed Futures Strategy ETF Price Performance

The company’s 50 day simple moving average is $26.92 and its 200 day simple moving average is $27.77. The stock has a market cap of $933.68 million, a P/E ratio of 24.50 and a beta of 0.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DBMF. Raleigh Capital Management Inc. acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $174,000. Verum Partners LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 56.7% during the fourth quarter. Verum Partners LLC now owns 22,297 shares of the company’s stock worth $583,000 after acquiring an additional 8,067 shares during the period. Atomi Financial Group Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $484,000. Lake Street Private Wealth LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 1.7% in the 4th quarter. Lake Street Private Wealth LLC now owns 26,752 shares of the company’s stock valued at $700,000 after acquiring an additional 453 shares in the last quarter. Finally, ALM First Financial Advisors LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 17.7% in the 4th quarter. ALM First Financial Advisors LLC now owns 432,128 shares of the company’s stock worth $11,304,000 after purchasing an additional 65,064 shares during the period.

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.