Short Interest in DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Declines By 75.0%

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 14,849 shares, a decrease of 75.0% from the May 14th total of 59,317 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,422 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of DoubleLine Asset-Backed Securities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of DABS. Root Financial Partners LLC acquired a new stake in DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at approximately $31,000. Harbour Investments Inc. acquired a new stake in DoubleLine Asset-Backed Securities ETF during the 4th quarter valued at approximately $51,000. Basso Capital Management L.P. increased its position in DoubleLine Asset-Backed Securities ETF by 133.3% during the 3rd quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock valued at $179,000 after purchasing an additional 2,000 shares during the period. Legacy Capital Group California Inc. acquired a new stake in DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at approximately $264,000. Finally, Ritholtz Wealth Management acquired a new stake in DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at approximately $328,000.

DoubleLine Asset-Backed Securities ETF Trading Down 0.2%

NYSEARCA DABS traded down $0.08 on Friday, hitting $50.45. The company’s stock had a trading volume of 9,121 shares, compared to its average volume of 16,588. DoubleLine Asset-Backed Securities ETF has a 1-year low of $50.15 and a 1-year high of $54.15. The company’s 50-day moving average is $50.56 and its 200 day moving average is $50.83.

About DoubleLine Asset-Backed Securities ETF

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.