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

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw an uptick in trading volume on Tuesday . 1,675,111 shares were traded during mid-day trading, an increase of 395% from the previous session’s volume of 338,440 shares.The stock last traded at $27.25 and had previously closed at $27.32.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.2 %

The firm has a market capitalization of $952.37 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The company’s 50 day moving average price is $27.41 and its 200 day moving average price is $28.42.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a dividend of $0.2507 per share. The ex-dividend date was Friday, September 27th.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors have recently bought and sold shares of the business. US Bancorp DE purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in 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 third quarter valued at $42,000. Matrix Trust Co purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $111,000. Hobbs Group Advisors LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 2nd quarter valued at about $180,000. Finally, Moors & Cabot Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth about $211,000.

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.