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

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw unusually-high trading volume on Wednesday . Approximately 3,648,918 shares changed hands during mid-day trading, an increase of 535% from the previous session’s volume of 574,357 shares.The stock last traded at $26.46 and had previously closed at $26.33.

iMGP DBi Managed Futures Strategy ETF Trading Up 1.1 %

The firm has a 50 day moving average of $26.94 and a 200-day moving average of $27.87. The company has a market cap of $935.08 million, a P/E ratio of 24.50 and a beta of 0.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at approximately $29,000. Concourse Financial Group Securities Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF during the third quarter valued at $42,000. Matrix Trust Co purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at $111,000. ORG Partners LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 8.0% in the 4th quarter. ORG Partners LLC now owns 7,684 shares of the company’s stock worth $201,000 after acquiring an additional 570 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $211,000.

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.