DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,863 shares, a decrease of 57.1% from the July 15th total of 9,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 9,671 shares, the days-to-cover ratio is presently 0.4 days.
DoubleLine Asset-Backed Securities ETF Price Performance
Shares of NYSEARCA DABS traded down $0.04 during midday trading on Friday, hitting $50.40. 7,747 shares of the company’s stock traded hands, compared to its average volume of 15,368. DoubleLine Asset-Backed Securities ETF has a 1 year low of $50.15 and a 1 year high of $51.52. The firm has a fifty day moving average of $50.45 and a 200 day moving average of $50.68.
Institutional Trading of DoubleLine Asset-Backed Securities ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beam Wealth Advisors Inc. boosted its stake in shares of DoubleLine Asset-Backed Securities ETF by 20.7% during the 1st quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock worth $16,938,000 after acquiring an additional 57,132 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in DoubleLine Asset-Backed Securities ETF by 119.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 102,278 shares of the company’s stock valued at $5,207,000 after purchasing an additional 55,711 shares in the last quarter. Mattson Financial Services LLC lifted its position in DoubleLine Asset-Backed Securities ETF by 14.1% during the fourth quarter. Mattson Financial Services LLC now owns 84,976 shares of the company’s stock valued at $4,326,000 after purchasing an additional 10,522 shares in the last quarter. Jane Street Group LLC bought a new stake in DoubleLine Asset-Backed Securities ETF during the first quarter valued at about $3,191,000. Finally, Paladin Wealth LLC grew its holdings in DoubleLine Asset-Backed Securities ETF by 6.0% during the second quarter. Paladin Wealth LLC now owns 45,274 shares of the company’s stock valued at $2,294,000 after purchasing an additional 2,569 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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