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

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares saw an uptick in trading volume on Tuesday . 1,350,593 shares were traded during 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 Price Performance

The firm has a market cap of $924.07 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The business has a fifty day simple moving average of $26.90 and a 200 day simple moving average of $27.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DBMF. US Bancorp DE acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth about $29,000. Concourse Financial Group Securities Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at $42,000. Matrix Trust Co acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at $111,000. Raleigh Capital Management Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $174,000. Finally, ORG Partners LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 8.0% in the fourth quarter. ORG Partners LLC now owns 7,684 shares of the company’s stock valued at $201,000 after acquiring an additional 570 shares in the last quarter.

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.