iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Volume Increase – Still a Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw unusually-strong trading volume on Wednesday . Approximately 3,648,918 shares were traded 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 Price Performance

The stock has a market capitalization of $935.08 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The firm has a fifty day moving average of $26.94 and a 200 day moving average of $27.87.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $29,000. Concourse Financial Group Securities Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at approximately $42,000. Matrix Trust Co purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at approximately $111,000. ORG Partners LLC boosted its stake 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 worth $201,000 after acquiring an additional 570 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth approximately $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.