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

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw strong trading volume on Thursday . 2,986,802 shares were traded during trading, an increase of 475% from the previous session’s volume of 519,775 shares.The stock last traded at $25.44 and had previously closed at $25.35.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The business’s 50-day moving average is $26.05 and its 200 day moving average is $26.85. The company has a market cap of $1.14 billion, a PE ratio of 24.50 and a beta of -0.15.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Several large investors have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at $39,000. Transce3nd LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $49,000. Stonebridge Financial Group LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $63,000. New Wave Wealth Advisors LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $67,000. Finally, Comerica Bank lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 140.4% in the fourth quarter. Comerica Bank now owns 3,674 shares of the company’s stock worth $96,000 after buying an additional 2,146 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.