DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Down 70.5% in July

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 48,756 shares, a decline of 70.5% from the June 30th total of 165,512 shares. Based on an average daily trading volume, of 69,283 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

DoubleLine Opportunistic Bond ETF Trading Up 0.2%

DBND traded up $0.09 on Monday, reaching $44.99. The company had a trading volume of 43,666 shares, compared to its average volume of 76,991. DoubleLine Opportunistic Bond ETF has a 52-week low of $44.85 and a 52-week high of $47.05. The business has a 50 day simple moving average of $45.35 and a 200 day simple moving average of $45.88.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in DoubleLine Opportunistic Bond ETF in the first quarter valued at approximately $31,346,000. Mariner LLC purchased a new position in shares of DoubleLine Opportunistic Bond ETF during the 4th quarter valued at approximately $20,302,000. Journey Advisory Group LLC lifted its position in shares of DoubleLine Opportunistic Bond ETF by 296.5% in the first quarter. Journey Advisory Group LLC now owns 496,108 shares of the company’s stock valued at $22,727,000 after acquiring an additional 370,972 shares in the last quarter. Raymond James Financial Inc. lifted its stake in DoubleLine Opportunistic Bond ETF by 290.0% during the second quarter. Raymond James Financial Inc. now owns 394,891 shares of the company’s stock worth $18,260,000 after purchasing an additional 293,626 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of DoubleLine Opportunistic Bond ETF by 18.5% in the 4th quarter. CWM LLC now owns 1,622,210 shares of the company’s stock valued at $75,213,000 after purchasing an additional 253,382 shares during the last quarter.

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.