Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Declines By 77.2%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 8,872 shares, a drop of 77.2% from the May 31st total of 38,912 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 12,556 shares, the short-interest ratio is currently 0.7 days.

DoubleLine Multi-Sector Income ETF Price Performance

NYSEARCA:DMX traded up $0.04 during midday trading on Monday, hitting $50.23. 6,266 shares of the company were exchanged, compared to its average volume of 12,031. DoubleLine Multi-Sector Income ETF has a fifty-two week low of $49.75 and a fifty-two week high of $50.87. The company has a fifty day simple moving average of $50.19 and a 200 day simple moving average of $50.34.

Institutional Trading of DoubleLine Multi-Sector Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of DoubleLine Multi-Sector Income ETF in the 1st quarter valued at about $360,000. JPMorgan Chase & Co. purchased a new position in DoubleLine Multi-Sector Income ETF during the 3rd quarter worth approximately $756,000. Intrepid Financial Planning Group LLC increased its position in DoubleLine Multi-Sector Income ETF by 92.2% during the third quarter. Intrepid Financial Planning Group LLC now owns 15,318 shares of the company’s stock worth $777,000 after buying an additional 7,348 shares during the period. Hippocratic Financial Advisors LLC increased its position in DoubleLine Multi-Sector Income ETF by 13.2% during the fourth quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock worth $27,276,000 after buying an additional 62,856 shares during the period. Finally, Seascape Capital Management lifted its stake in DoubleLine Multi-Sector Income ETF by 21.6% in the fourth quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock valued at $7,443,000 after buying an additional 26,216 shares during the last quarter.

About DoubleLine Multi-Sector Income ETF

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.