DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 61,236 shares, a decline of 53.3% from the August 15th total of 131,098 shares. Based on an average daily volume of 105,765 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of DBND. NewEdge Advisors LLC lifted its holdings in shares of DoubleLine Opportunistic Bond ETF by 6.0% during the 2nd quarter. NewEdge Advisors LLC now owns 725,049 shares of the company’s stock valued at $33,055,000 after acquiring an additional 40,790 shares in the last quarter. Foundations Investment Advisors LLC grew its position in DoubleLine Opportunistic Bond ETF by 29.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 700,920 shares of the company’s stock valued at $32,498,000 after acquiring an additional 160,205 shares in the last quarter. Boothe Investment Group Inc. raised its stake in shares of DoubleLine Opportunistic Bond ETF by 5.3% during the first quarter. Boothe Investment Group Inc. now owns 679,687 shares of the company’s stock valued at $31,136,000 after purchasing an additional 34,208 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of DoubleLine Opportunistic Bond ETF by 7.0% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 581,228 shares of the company’s stock valued at $26,626,000 after purchasing an additional 37,890 shares during the period. Finally, Journey Advisory Group LLC increased its stake in DoubleLine Opportunistic Bond ETF by 296.5% during the 1st quarter. Journey Advisory Group LLC now owns 496,108 shares of the company’s stock worth $22,727,000 after buying an additional 370,972 shares during the period.
DoubleLine Opportunistic Bond ETF Stock Down 0.1%
Shares of DBND traded down $0.06 during mid-day trading on Wednesday, reaching $44.09. The company had a trading volume of 71,600 shares, compared to its average volume of 81,445. The firm has a fifty day simple moving average of $44.92 and a 200-day simple moving average of $45.44. DoubleLine Opportunistic Bond ETF has a fifty-two week low of $44.08 and a fifty-two week high of $47.05.
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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