DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Short Interest Up 143.7% in June

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 21,617 shares, a growth of 143.7% from the June 15th total of 8,872 shares. Based on an average trading volume of 10,538 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Investors Weigh In On DoubleLine Multi-Sector Income ETF

Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in DoubleLine Multi-Sector Income ETF during the first quarter worth about $38,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in DoubleLine Multi-Sector Income ETF during the first quarter worth approximately $282,000. Jane Street Group LLC bought a new stake in DoubleLine Multi-Sector Income ETF in the first quarter valued at approximately $360,000. JPMorgan Chase & Co. bought a new stake in DoubleLine Multi-Sector Income ETF in the third quarter valued at approximately $756,000. Finally, Sanctuary Advisors LLC raised its stake in DoubleLine Multi-Sector Income ETF by 3.8% in the fourth quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock valued at $6,346,000 after buying an additional 4,638 shares during the period.

DoubleLine Multi-Sector Income ETF Price Performance

Shares of DMX remained flat at $50.01 during midday trading on Tuesday. 16,275 shares of the stock were exchanged, compared to its average volume of 12,001. The company’s 50 day simple moving average is $50.13 and its 200 day simple moving average is $50.30. DoubleLine Multi-Sector Income ETF has a 52 week low of $49.75 and a 52 week high of $50.87.

DoubleLine Multi-Sector Income ETF Company Profile

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.