DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 165,512 shares, a growth of 524.0% from the June 15th total of 26,525 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 84,932 shares, the days-to-cover ratio is presently 1.9 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Stonehearth Capital Management LLC boosted its position in DoubleLine Opportunistic Bond ETF by 3.7% in the 2nd quarter. Stonehearth Capital Management LLC now owns 8,812 shares of the company’s stock worth $402,000 after purchasing an additional 315 shares in the last quarter. Manchester Financial Inc. increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 6.2% during the 1st quarter. Manchester Financial Inc. now owns 8,545 shares of the company’s stock valued at $391,000 after purchasing an additional 498 shares in the last quarter. Principia Wealth Advisory LLC increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 5.2% during the 4th quarter. Principia Wealth Advisory LLC now owns 10,926 shares of the company’s stock valued at $507,000 after purchasing an additional 542 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 2.4% in the 4th quarter. AQR Capital Management LLC now owns 24,641 shares of the company’s stock valued at $1,142,000 after purchasing an additional 567 shares during the period. Finally, Stewardship Advisors LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 7.4% during the first quarter. Stewardship Advisors LLC now owns 8,304 shares of the company’s stock worth $380,000 after buying an additional 570 shares in the last quarter.
DoubleLine Opportunistic Bond ETF Price Performance
DBND traded down $0.14 during midday trading on Monday, hitting $45.07. 62,336 shares of the company were exchanged, compared to its average volume of 79,256. The company’s 50 day simple moving average is $45.45 and its 200 day simple moving average is $45.97. DoubleLine Opportunistic Bond ETF has a 1-year low of $45.03 and a 1-year high of $47.05.
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.
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