Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Decreases By 66.6%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 6,117 shares, a decline of 66.6% from the April 30th total of 18,304 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,807 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DMX. Foundations Investment Advisors LLC raised its holdings in shares of DoubleLine Multi-Sector Income ETF by 21.5% in the third quarter. Foundations Investment Advisors LLC now owns 163,628 shares of the company’s stock worth $8,297,000 after acquiring an additional 28,998 shares during the last quarter. Hippocratic Financial Advisors LLC raised its holdings in shares of DoubleLine Multi-Sector Income ETF by 13.2% in the fourth quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock worth $27,276,000 after acquiring an additional 62,856 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of DoubleLine Multi-Sector Income ETF in the third quarter worth $756,000. Seascape Capital Management raised its holdings in shares of DoubleLine Multi-Sector Income ETF by 21.6% in the fourth quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock worth $7,443,000 after acquiring an additional 26,216 shares during the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of DoubleLine Multi-Sector Income ETF in the first quarter worth $282,000.

DoubleLine Multi-Sector Income ETF Trading Down 0.5%

Shares of NYSEARCA:DMX traded down $0.24 during midday trading on Monday, hitting $50.07. 9,928 shares of the stock were exchanged, compared to its average volume of 12,100. DoubleLine Multi-Sector Income ETF has a twelve month low of $49.75 and a twelve month high of $50.87. The company has a 50 day moving average price of $50.16 and a 200-day moving average price of $50.39.

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.