DoubleLine Mortgage ETF (NYSEARCA:DMBS – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 23,859 shares, an increase of 155.7% from the September 30th total of 9,330 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 102,466 shares, the short-interest ratio is currently 0.2 days.
DoubleLine Mortgage ETF Stock Performance
Shares of DMBS traded up $0.12 during trading hours on Friday, reaching $47.28. The company had a trading volume of 135,198 shares, compared to its average volume of 84,104. The firm has a 50 day simple moving average of $47.11 and a 200-day simple moving average of $48.68. DoubleLine Mortgage ETF has a 12-month low of $45.86 and a 12-month high of $50.54.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of DoubleLine Mortgage ETF during the 3rd quarter valued at $42,000. Root Financial Partners LLC purchased a new stake in DoubleLine Mortgage ETF in the 1st quarter worth about $48,000. Royal Bank of Canada acquired a new stake in DoubleLine Mortgage ETF during the first quarter valued at $51,000. Compass Financial Management LLC bought a new stake in DoubleLine Mortgage ETF in the second quarter worth approximately $60,000. Finally, Sound Income Strategies LLC bought a new position in shares of DoubleLine Mortgage ETF in the 1st quarter valued at approximately $101,000.
About DoubleLine Mortgage ETF
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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