Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Short Interest Update

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,841 shares, a drop of 86.6% from the August 31st total of 13,789 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 21,025 shares, the days-to-cover ratio is presently 0.1 days.

Doubleline Fortune 500 Equal Weight ETF Trading Up 0.5%

NYSEARCA DFVE traded up $0.17 during trading hours on Friday, hitting $35.61. 23,988 shares of the company’s stock traded hands, compared to its average volume of 6,414. Doubleline Fortune 500 Equal Weight ETF has a 52 week low of $30.10 and a 52 week high of $39.71. The firm has a market capitalization of $44.87 million, a P/E ratio of 15.69 and a beta of 0.78. The business’s fifty day moving average price is $36.75 and its two-hundred day moving average price is $35.22.

Institutional Investors Weigh In On Doubleline Fortune 500 Equal Weight ETF

An institutional investor recently bought a new stake in Doubleline Fortune 500 Equal Weight ETF stock. Root Financial Partners LLC purchased a new position in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 870 shares of the company’s stock, valued at approximately $28,000. Root Financial Partners LLC owned approximately 0.10% of Doubleline Fortune 500 Equal Weight ETF at the end of the most recent quarter.

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.