DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Sees Significant Decrease in Short Interest

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 61,236 shares, a decline of 53.3% from the August 15th total of 131,098 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 105,765 shares, the short-interest ratio is currently 0.6 days.

DoubleLine Opportunistic Bond ETF Trading Down 0.0%

Shares of DBND stock opened at $44.22 on Monday. DoubleLine Opportunistic Bond ETF has a 12 month low of $44.21 and a 12 month high of $47.05. The stock has a 50 day moving average of $44.97 and a 200-day moving average of $45.48.

Hedge Funds Weigh In On DoubleLine Opportunistic Bond ETF

Several large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 725,049 shares of the company’s stock valued at $33,055,000 after purchasing an additional 40,790 shares during the period. Principia Wealth Advisory LLC raised its position in shares of DoubleLine Opportunistic Bond ETF by 7.0% during the second quarter. Principia Wealth Advisory LLC now owns 12,378 shares of the company’s stock valued at $564,000 after buying an additional 812 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in shares of DoubleLine Opportunistic Bond ETF by 8.2% during the second quarter. Premier Path Wealth Partners LLC now owns 122,949 shares of the company’s stock valued at $5,605,000 after buying an additional 9,267 shares during the last quarter. Triumph Capital Management lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 132.8% in the second quarter. Triumph Capital Management now owns 7,590 shares of the company’s stock valued at $346,000 after buying an additional 4,330 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the second quarter valued at about $1,311,000.

About DoubleLine Opportunistic Bond ETF

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.