DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE – Get Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 30,701 shares, a growth of 261.7% from the April 15th total of 8,488 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 45,972 shares, the short-interest ratio is currently 0.7 days.
DoubleLine Commercial Real Estate ETF Stock Performance
Shares of DCRE traded down $0.04 during mid-day trading on Friday, reaching $51.74. 34,627 shares of the company’s stock were exchanged, compared to its average volume of 41,354. The business’s fifty day simple moving average is $51.90 and its 200-day simple moving average is $52.02. DoubleLine Commercial Real Estate ETF has a 52-week low of $51.58 and a 52-week high of $52.56.
DoubleLine Commercial Real Estate ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1944 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.
Hedge Funds Weigh In On DoubleLine Commercial Real Estate ETF
DoubleLine Commercial Real Estate ETF Company Profile
The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.
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