DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Update

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 44,181 shares, a growth of 58.5% from the May 14th total of 27,877 shares. Based on an average daily trading volume, of 84,848 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

DoubleLine Opportunistic Bond ETF Trading Down 0.4%

NYSEARCA DBND opened at $45.41 on Thursday. The business’s 50-day moving average price is $45.63 and its 200 day moving average price is $46.09. DoubleLine Opportunistic Bond ETF has a twelve month low of $45.03 and a twelve month high of $47.05.

Hedge Funds Weigh In On DoubleLine Opportunistic Bond ETF

Several large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its position in DoubleLine Opportunistic Bond ETF by 18.5% during the fourth quarter. CWM LLC now owns 1,622,210 shares of the company’s stock worth $75,213,000 after buying an additional 253,382 shares during the period. Foundations Investment Advisors LLC raised its stake in DoubleLine Opportunistic Bond ETF by 29.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 700,920 shares of the company’s stock worth $32,498,000 after purchasing an additional 160,205 shares during the period. NewEdge Advisors LLC purchased a new position in DoubleLine Opportunistic Bond ETF during the first quarter worth approximately $31,346,000. Boothe Investment Group Inc. raised its stake in DoubleLine Opportunistic Bond ETF by 5.3% during the first quarter. Boothe Investment Group Inc. now owns 679,687 shares of the company’s stock worth $31,136,000 after purchasing an additional 34,208 shares during the period. Finally, Seascape Capital Management raised its stake in DoubleLine Opportunistic Bond ETF by 4.5% during the fourth quarter. Seascape Capital Management now owns 645,968 shares of the company’s stock worth $29,950,000 after purchasing an additional 27,667 shares during the period.

About DoubleLine Opportunistic Bond ETF

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.