DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) Sees Significant Growth in Short Interest

DoubleLine Commercial Real Estate ETF (NYSEARCA:DCREGet Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 30,701 shares, a growth of 261.7% from the April 15th total of 8,488 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 45,972 shares, the short-interest ratio is currently 0.7 days.

DoubleLine Commercial Real Estate ETF Stock Performance

Shares of DCRE traded down $0.04 during mid-day trading on Friday, reaching $51.74. 34,627 shares of the company’s stock were exchanged, compared to its average volume of 41,354. The business’s fifty day simple moving average is $51.90 and its 200-day simple moving average is $52.02. DoubleLine Commercial Real Estate ETF has a 52-week low of $51.58 and a 52-week high of $52.56.

DoubleLine Commercial Real Estate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1944 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Hedge Funds Weigh In On DoubleLine Commercial Real Estate ETF

A number of hedge funds have recently modified their holdings of DCRE. Sanctuary Advisors LLC lifted its holdings in shares of DoubleLine Commercial Real Estate ETF by 5.1% during the first quarter. Sanctuary Advisors LLC now owns 700,290 shares of the company’s stock worth $36,387,000 after purchasing an additional 33,687 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of DoubleLine Commercial Real Estate ETF by 63.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 521,381 shares of the company’s stock worth $27,060,000 after purchasing an additional 203,133 shares during the period. Gradient Investments LLC lifted its holdings in shares of DoubleLine Commercial Real Estate ETF by 4.5% during the fourth quarter. Gradient Investments LLC now owns 322,527 shares of the company’s stock worth $16,739,000 after purchasing an additional 13,806 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of DoubleLine Commercial Real Estate ETF by 62.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 278,797 shares of the company’s stock worth $14,468,000 after purchasing an additional 106,771 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings in shares of DoubleLine Commercial Real Estate ETF by 9.9% during the fourth quarter. Tortoise Investment Management LLC now owns 264,905 shares of the company’s stock worth $13,749,000 after purchasing an additional 23,944 shares during the period.

DoubleLine Commercial Real Estate ETF Company Profile

(Get Free Report)

The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.

Featured Stories

Receive News & Ratings for DoubleLine Commercial Real Estate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleLine Commercial Real Estate ETF and related companies with MarketBeat.com's FREE daily email newsletter.