DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE – Get Free Report) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 16,343 shares, a drop of 40.5% from the June 15th total of 27,454 shares. Based on an average daily volume of 84,133 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On DoubleLine Commercial Real Estate ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in DCRE. Sanctuary Advisors LLC grew its stake 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 buying an additional 33,687 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of DoubleLine Commercial Real Estate ETF by 63.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 521,381 shares of the company’s stock valued at $27,060,000 after acquiring an additional 203,133 shares in the last quarter. Gradient Investments LLC boosted its holdings in shares of DoubleLine Commercial Real Estate ETF by 14.3% during the 2nd quarter. Gradient Investments LLC now owns 392,043 shares of the company’s stock valued at $20,310,000 after acquiring an additional 49,125 shares in the last quarter. Thrivent Financial for Lutherans raised its position in DoubleLine Commercial Real Estate ETF by 62.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 278,797 shares of the company’s stock valued at $14,468,000 after purchasing an additional 106,771 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake 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 valued at $13,749,000 after purchasing an additional 23,944 shares in the last quarter.
DoubleLine Commercial Real Estate ETF Stock Performance
DoubleLine Commercial Real Estate ETF stock traded down $0.05 during midday trading on Thursday, reaching $51.65. The company’s stock had a trading volume of 3,357 shares, compared to its average volume of 43,956. DoubleLine Commercial Real Estate ETF has a 52 week low of $51.49 and a 52 week high of $52.56. The business has a 50-day moving average price of $51.70 and a 200-day moving average price of $51.90.
About DoubleLine Commercial Real Estate ETF
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.
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