DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Sees Significant Growth in Short Interest

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,726 shares, an increase of 170.6% from the April 15th total of 2,116 shares. Based on an average daily trading volume, of 6,444 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

DoubleLine Asset-Backed Securities ETF Stock Performance

Shares of DABS stock opened at $50.56 on Friday. DoubleLine Asset-Backed Securities ETF has a 1-year low of $49.79 and a 1-year high of $54.15. The stock’s fifty day moving average price is $50.74 and its 200 day moving average price is $50.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Focus Partners Wealth purchased a new position in DoubleLine Asset-Backed Securities ETF during the 3rd quarter worth $172,637,000. Gradient Investments LLC grew its stake in DoubleLine Asset-Backed Securities ETF by 8.7% during the 4th quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock worth $55,925,000 after buying an additional 87,563 shares during the last quarter. Beam Wealth Advisors Inc. grew its stake in DoubleLine Asset-Backed Securities ETF by 20.7% during the 1st quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock worth $16,938,000 after buying an additional 57,132 shares during the last quarter. Asset Advisors Investment Management LLC purchased a new position in DoubleLine Asset-Backed Securities ETF during the 4th quarter worth $7,803,000. Finally, Foundations Investment Advisors LLC grew its stake in DoubleLine Asset-Backed Securities ETF by 119.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 102,278 shares of the company’s stock worth $5,207,000 after buying an additional 55,711 shares during the last quarter.

About DoubleLine Asset-Backed Securities ETF

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.