Short Interest in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Expands By 47.8%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 16,031 shares, a growth of 47.8% from the July 30th total of 10,850 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 6,328 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Trading of Doubleline Fortune 500 Equal Weight ETF

Several hedge funds have recently made changes to their positions in the business. Foundations Investment Advisors LLC boosted its stake in shares of Doubleline Fortune 500 Equal Weight ETF by 36.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock valued at $14,262,000 after purchasing an additional 119,991 shares during the period. Root Financial Partners LLC purchased a new stake in Doubleline Fortune 500 Equal Weight ETF during the 1st quarter worth approximately $28,000. Finally, Mutual Advisors LLC increased its stake in Doubleline Fortune 500 Equal Weight ETF by 4.4% during the 4th quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock worth $262,000 after buying an additional 347 shares during the period.

Doubleline Fortune 500 Equal Weight ETF Price Performance

Shares of Doubleline Fortune 500 Equal Weight ETF stock opened at $37.03 on Thursday. The business has a 50-day moving average of $36.65 and a 200 day moving average of $34.96. Doubleline Fortune 500 Equal Weight ETF has a 12 month low of $30.10 and a 12 month high of $39.71. The stock has a market capitalization of $37.77 million, a price-to-earnings ratio of 15.69 and a beta of 0.78.

About Doubleline Fortune 500 Equal Weight ETF

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.