iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Unusually-High Trading Volume – Here’s Why

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw unusually-high trading volume on Tuesday . Approximately 1,350,593 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 1,019,362 shares.The stock last traded at $26.46 and had previously closed at $26.73.

iMGP DBi Managed Futures Strategy ETF Trading Down 1.0 %

The company’s 50-day moving average price is $26.90 and its two-hundred day moving average price is $27.68. The company has a market cap of $924.07 million, a P/E ratio of 24.50 and a beta of 0.04.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors have recently modified their holdings of DBMF. Renaissance Technologies LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at about $1,442,000. Brighton Jones LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at about $220,000. AQR Capital Management LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 13.1% during the 2nd quarter. AQR Capital Management LLC now owns 19,786 shares of the company’s stock valued at $595,000 after purchasing an additional 2,296 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in iMGP DBi Managed Futures Strategy ETF by 9.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,006,012 shares of the company’s stock valued at $30,241,000 after purchasing an additional 90,123 shares during the period. Finally, Cetera Investment Advisers boosted its stake in iMGP DBi Managed Futures Strategy ETF by 6.5% during the 2nd quarter. Cetera Investment Advisers now owns 162,537 shares of the company’s stock valued at $4,886,000 after purchasing an additional 9,914 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.