DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Get Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 14,849 shares, a drop of 75.0% from the May 14th total of 59,317 shares. Based on an average daily trading volume, of 18,422 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.6% of the company’s stock are short sold.
DoubleLine Asset-Backed Securities ETF Stock Performance
NYSEARCA DABS traded up $0.14 on Thursday, hitting $50.53. 16,154 shares of the stock were exchanged, compared to its average volume of 16,655. The business’s fifty day moving average is $50.56 and its 200 day moving average is $50.83. DoubleLine Asset-Backed Securities ETF has a 52 week low of $50.15 and a 52 week high of $54.15.
Institutional Trading of DoubleLine Asset-Backed Securities ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in DABS. Jane Street Group LLC bought a new stake in DoubleLine Asset-Backed Securities ETF during the first quarter worth $3,191,000. Basso Capital Management L.P. grew its holdings in DoubleLine Asset-Backed Securities ETF by 133.3% during the third quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock worth $179,000 after purchasing an additional 2,000 shares during the period. Focus Partners Wealth bought a new position in DoubleLine Asset-Backed Securities ETF during the third quarter worth about $172,637,000. Flow Traders U.S. LLC bought a new position in DoubleLine Asset-Backed Securities ETF during the third quarter worth about $1,853,000. Finally, Gradient Investments LLC grew its holdings in DoubleLine Asset-Backed Securities ETF by 8.7% during the fourth quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock worth $55,925,000 after purchasing an additional 87,563 shares during the period.
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.
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