DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Short Interest Update

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 2,116 shares, a decline of 21.4% from the March 31st total of 2,693 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,076 shares, the days-to-cover ratio is currently 0.3 days.

DoubleLine Asset-Backed Securities ETF Stock Performance

Shares of NYSEARCA DABS traded down $0.23 during midday trading on Friday, reaching $50.51. 8,736 shares of the company were exchanged, compared to its average volume of 12,565. The stock’s 50-day moving average price is $50.85 and its 200-day moving average price is $50.95. DoubleLine Asset-Backed Securities ETF has a one year low of $49.66 and a one year high of $54.15.

Institutional Trading of DoubleLine Asset-Backed Securities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DABS. Gradient Investments LLC grew its stake in shares of DoubleLine Asset-Backed Securities ETF by 8.7% in the fourth quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock worth $55,925,000 after purchasing an additional 87,563 shares during the last quarter. Asset Advisors Investment Management LLC bought a new stake in shares of DoubleLine Asset-Backed Securities ETF in the fourth quarter worth $7,803,000. Focus Partners Wealth bought a new stake in shares of DoubleLine Asset-Backed Securities ETF in the third quarter worth $172,637,000. Beam Wealth Advisors Inc. bought a new stake in shares of DoubleLine Asset-Backed Securities ETF in the third quarter worth $12,945,000. Finally, Harbour Investments Inc. bought a new stake in shares of DoubleLine Asset-Backed Securities ETF in the fourth quarter worth $51,000.

DoubleLine Asset-Backed Securities ETF Company Profile

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.