DoubleLine Mortgage ETF (NYSEARCA:DMBS – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 18,890 shares, a growth of 113.4% from the August 31st total of 8,850 shares. Based on an average trading volume of 75,644 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
DoubleLine Mortgage ETF Stock Performance
Shares of DMBS opened at $46.44 on Wednesday. DoubleLine Mortgage ETF has a fifty-two week low of $46.30 and a fifty-two week high of $50.54. The firm has a 50 day moving average price of $47.89 and a 200-day moving average price of $48.66.
Institutional Trading of DoubleLine Mortgage ETF
Several institutional investors have recently added to or reduced their stakes in DMBS. Integrated Wealth Concepts LLC increased its holdings in shares of DoubleLine Mortgage ETF by 4.0% in the second quarter. Integrated Wealth Concepts LLC now owns 101,926 shares of the company’s stock worth $5,003,000 after buying an additional 3,902 shares during the period. Brown Financial Advisors boosted its holdings in DoubleLine Mortgage ETF by 6.5% during the 2nd quarter. Brown Financial Advisors now owns 216,939 shares of the company’s stock valued at $10,649,000 after acquiring an additional 13,281 shares during the period. Compass Financial Management LLC purchased a new stake in DoubleLine Mortgage ETF during the 2nd quarter valued at about $60,000. Lord & Richards Wealth Management LLC grew its position in DoubleLine Mortgage ETF by 5.9% during the 2nd quarter. Lord & Richards Wealth Management LLC now owns 111,171 shares of the company’s stock worth $5,457,000 after acquiring an additional 6,217 shares during the last quarter. Finally, Advocacy Wealth Management LLC increased its stake in DoubleLine Mortgage ETF by 3.5% in the 2nd quarter. Advocacy Wealth Management LLC now owns 1,084,082 shares of the company’s stock worth $53,217,000 after purchasing an additional 36,507 shares during the period.
DoubleLine Mortgage ETF Company Profile
The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.
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