DoubleLine Mortgage ETF (NYSEARCA:DMBS – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 69,554 shares, a growth of 494.1% from the May 14th total of 11,708 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 130,217 shares, the days-to-cover ratio is presently 0.5 days.
DoubleLine Mortgage ETF Stock Performance
NYSEARCA:DMBS traded up $0.26 on Thursday, hitting $48.96. 53,013 shares of the stock were exchanged, compared to its average volume of 84,924. DoubleLine Mortgage ETF has a 52 week low of $48.19 and a 52 week high of $50.54. The company’s 50-day moving average price is $49.13 and its 200 day moving average price is $49.56.
Institutional Trading of DoubleLine Mortgage ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in DMBS. Jane Street Group LLC bought a new stake in DoubleLine Mortgage ETF during the 1st quarter worth about $569,000. Flow Traders U.S. LLC bought a new stake in shares of DoubleLine Mortgage ETF in the 2nd quarter valued at about $205,000. MML Investors Services LLC increased its stake in shares of DoubleLine Mortgage ETF by 18.5% in the 2nd quarter. MML Investors Services LLC now owns 83,867 shares of the company’s stock valued at $4,115,000 after acquiring an additional 13,120 shares during the last quarter. Puff Wealth Management LLC increased its stake in shares of DoubleLine Mortgage ETF by 77.5% in the 2nd quarter. Puff Wealth Management LLC now owns 25,792 shares of the company’s stock valued at $1,266,000 after acquiring an additional 11,261 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of DoubleLine Mortgage ETF by 2.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 466,992 shares of the company’s stock valued at $23,200,000 after acquiring an additional 9,089 shares during the last quarter.
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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