Short Interest in DoubleLine Mortgage ETF (NYSEARCA:DMBS) Rises By 354.5%

DoubleLine Mortgage ETF (NYSEARCA:DMBS) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 61,813 shares, a growth of 354.5% from the April 15th total of 13,600 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 67,615 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in shares of DoubleLine Mortgage ETF during the 1st quarter worth $48,000. Sound Income Strategies LLC bought a new stake in shares of DoubleLine Mortgage ETF during the 1st quarter worth $101,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of DoubleLine Mortgage ETF during the 1st quarter worth $203,000. Flow Traders U.S. LLC bought a new stake in shares of DoubleLine Mortgage ETF during the 2nd quarter worth $205,000. Finally, Waterfront Wealth Inc. bought a new stake in shares of DoubleLine Mortgage ETF during the 1st quarter worth $211,000.

DoubleLine Mortgage ETF Price Performance

Shares of NYSEARCA:DMBS traded down $0.39 on Friday, reaching $48.57. 189,041 shares of the company traded hands, compared to its average volume of 80,098. The company’s 50 day moving average is $49.41 and its 200-day moving average is $49.70. DoubleLine Mortgage ETF has a fifty-two week low of $47.74 and a fifty-two week high of $50.54.

About DoubleLine Mortgage ETF

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.