DoubleLine Mortgage ETF (NYSEARCA:DMBS) Short Interest Down 75.5% in August

by · The Cerbat Gem

DoubleLine Mortgage ETF (NYSEARCA:DMBS – Get Free Report) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 9,494 shares, a drop of 75.5% from the July 30th total of 38,692 shares. Based on an average daily volume of 65,712 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of DoubleLine Mortgage ETF during the 1st quarter worth approximately $48,000. Royal Bank of Canada bought a new position in DoubleLine Mortgage ETF in the 1st quarter worth about $51,000. Compass Financial Management LLC purchased a new stake in shares of DoubleLine Mortgage ETF in the 2nd quarter valued at about $60,000. Sound Income Strategies LLC purchased a new position in shares of DoubleLine Mortgage ETF during the 1st quarter valued at about $101,000. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new stake in DoubleLine Mortgage ETF in the first quarter valued at approximately $203,000.

DoubleLine Mortgage ETF Stock Performance

DMBS traded down $0.18 during midday trading on Friday, reaching $48.17. 67,497 shares of the company were exchanged, compared to its average volume of 78,349. The company’s fifty day moving average price is $48.54 and its 200 day moving average price is $49.09. DoubleLine Mortgage ETF has a one year low of $48.07 and a one year high of $50.54.

About DoubleLine Mortgage ETF

(Get Free Report)

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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