iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Strong Trading Volume – Time to Buy?

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw unusually-high trading volume on Tuesday . Approximately 1,350,593 shares traded hands 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 Trading Up 0.3 %

The stock has a 50 day simple moving average of $26.87 and a 200 day simple moving average of $27.65. The stock has a market cap of $928.44 million, a P/E ratio of 24.50 and a beta of 0.04.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth $29,000. Concourse Financial Group Securities Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $42,000. New Wave Wealth Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $67,000. Matrix Trust Co acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $111,000. Finally, Raleigh Capital Management Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $174,000.

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.