DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Sees Large Decline in Short Interest

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 20,685 shares, a drop of 63.6% from the March 15th total of 56,757 shares. Based on an average daily volume of 77,960 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

DoubleLine Opportunistic Bond ETF Price Performance

Shares of NYSEARCA DBND traded up $0.08 during mid-day trading on Monday, hitting $45.93. 34,858 shares of the company were exchanged, compared to its average volume of 88,236. The stock has a 50 day simple moving average of $46.21 and a 200-day simple moving average of $46.39. DoubleLine Opportunistic Bond ETF has a 1-year low of $45.12 and a 1-year high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a dividend of $0.1662 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

Institutional Investors Weigh In On DoubleLine Opportunistic Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DBND. Royal Bank of Canada grew its stake in shares of DoubleLine Opportunistic Bond ETF by 101.3% during the 1st quarter. Royal Bank of Canada now owns 44,576 shares of the company’s stock worth $2,058,000 after purchasing an additional 22,437 shares during the period. Jane Street Group LLC increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 28.0% in the 1st quarter. Jane Street Group LLC now owns 50,058 shares of the company’s stock valued at $2,311,000 after purchasing an additional 10,959 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 290.0% in the 2nd quarter. Raymond James Financial Inc. now owns 394,891 shares of the company’s stock valued at $18,260,000 after purchasing an additional 293,626 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 30.2% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 121,193 shares of the company’s stock valued at $5,604,000 after purchasing an additional 28,081 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 11.2% in the 2nd quarter. MML Investors Services LLC now owns 142,702 shares of the company’s stock valued at $6,599,000 after purchasing an additional 14,323 shares in 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.