DoubleLine Mortgage ETF (NYSEARCA:DMBS) Stock Short Interest Drops 50.6%

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 9,330 shares, a decline of 50.6% from the September 15th total of 18,890 shares. Based on an average trading volume of 123,876 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

DoubleLine Mortgage ETF Stock Up 0.1%

Shares of DMBS traded up $0.04 during trading hours on Wednesday, hitting $46.47. 107,627 shares of the stock were exchanged, compared to its average volume of 81,853. The stock’s 50-day moving average price is $47.47 and its two-hundred day moving average price is $48.44. DoubleLine Mortgage ETF has a 12-month low of $45.86 and a 12-month high of $50.54.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

Large investors have recently modified their holdings of the business. Argus Investors Counsel Inc. grew its stake in DoubleLine Mortgage ETF by 3.8% during the 3rd quarter. Argus Investors Counsel Inc. now owns 10,040 shares of the company’s stock valued at $465,000 after acquiring an additional 366 shares in the last quarter. Gradient Investments LLC purchased a new position in DoubleLine Mortgage ETF during the third quarter worth approximately $123,116,000. Puff Wealth Management LLC boosted its stake in DoubleLine Mortgage ETF by 11.4% during the third quarter. Puff Wealth Management LLC now owns 69,682 shares of the company’s stock worth $3,227,000 after buying an additional 7,112 shares during the last quarter. Strong Retirement Solutions LLC boosted its stake in DoubleLine Mortgage ETF by 6.5% during the third quarter. Strong Retirement Solutions LLC now owns 5,936 shares of the company’s stock worth $275,000 after buying an additional 360 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in DoubleLine Mortgage ETF by 4.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 101,926 shares of the company’s stock valued at $5,003,000 after buying an additional 3,902 shares in the last quarter.

DoubleLine Mortgage ETF Company Profile

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.