DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 44,181 shares, a growth of 58.5% from the May 14th total of 27,877 shares. Based on an average daily trading volume, of 84,848 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.
DoubleLine Opportunistic Bond ETF Trading Up 0.3%
Shares of NYSEARCA:DBND traded up $0.12 during midday trading on Tuesday, hitting $45.62. 54,617 shares of the company’s stock were exchanged, compared to its average volume of 79,138. The stock has a 50 day moving average price of $45.64 and a 200-day moving average price of $46.10. DoubleLine Opportunistic Bond ETF has a 12 month low of $45.03 and a 12 month high of $47.05.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Entrewealth LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 1.3% during the third quarter. Entrewealth LLC now owns 22,816 shares of the company’s stock worth $1,062,000 after purchasing an additional 288 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in DoubleLine Opportunistic Bond ETF by 3.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 12,201 shares of the company’s stock worth $568,000 after acquiring an additional 445 shares during the period. Stonehearth Capital Management LLC increased its holdings in DoubleLine Opportunistic Bond ETF by 5.7% during the 1st quarter. Stonehearth Capital Management LLC now owns 8,497 shares of the company’s stock worth $389,000 after acquiring an additional 455 shares during the period. Manchester Financial Inc. increased its holdings in DoubleLine Opportunistic Bond ETF by 6.2% during the 1st quarter. Manchester Financial Inc. now owns 8,545 shares of the company’s stock worth $391,000 after acquiring an additional 498 shares during the period. Finally, Principia Wealth Advisory LLC increased its holdings in DoubleLine Opportunistic Bond ETF by 5.2% during the 4th quarter. Principia Wealth Advisory LLC now owns 10,926 shares of the company’s stock worth $507,000 after acquiring an additional 542 shares during the period.
About DoubleLine Opportunistic Bond ETF
The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.
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