DoubleLine Mortgage ETF (NYSEARCA:DMBS) Sees Significant Increase in Short Interest

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 18,890 shares, a growth of 113.4% from the August 31st total of 8,850 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 75,644 shares, the days-to-cover ratio is currently 0.2 days.

DoubleLine Mortgage ETF Price Performance

NYSEARCA DMBS traded down $0.04 during trading on Tuesday, hitting $46.44. 200,463 shares of the company traded hands, compared to its average volume of 80,435. The business has a fifty day simple moving average of $47.93 and a 200 day simple moving average of $48.69. DoubleLine Mortgage ETF has a 12 month low of $46.30 and a 12 month high of $50.54.

Hedge Funds Weigh In On DoubleLine Mortgage ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DMBS. Milestones Private Investment Advisors LLC boosted its stake in DoubleLine Mortgage ETF by 2.2% during the first quarter. Milestones Private Investment Advisors LLC now owns 32,887 shares of the company’s stock worth $1,624,000 after buying an additional 718 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of DoubleLine Mortgage ETF by 6.4% in the 4th quarter. Parallel Advisors LLC now owns 14,950 shares of the company’s stock valued at $742,000 after buying an additional 901 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of DoubleLine Mortgage ETF during the 1st quarter worth about $48,000. Royal Bank of Canada bought a new position in shares of DoubleLine Mortgage ETF during the 1st quarter worth about $51,000. Finally, Financial Guidance Group Inc. boosted its position in shares of DoubleLine Mortgage ETF by 17.2% during the 1st quarter. Financial Guidance Group Inc. now owns 7,912 shares of the company’s stock valued at $391,000 after acquiring an additional 1,161 shares in the last quarter.

About DoubleLine Mortgage ETF

The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.