DoubleLine Mortgage ETF (NYSEARCA:DMBS) Short Interest Update
by Sarita Garza · The Markets DailyDoubleLine Mortgage ETF (NYSEARCA:DMBS – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 69,554 shares, an increase of 494.1% from the May 14th total of 11,708 shares. Based on an average daily trading volume, of 130,217 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short.
Institutional Investors Weigh In On DoubleLine Mortgage ETF
A number of hedge funds have recently bought and sold shares of DMBS. Root Financial Partners LLC acquired a new stake in DoubleLine Mortgage ETF during the 1st quarter valued at approximately $48,000. Royal Bank of Canada acquired a new stake in DoubleLine Mortgage ETF during the 1st quarter valued at approximately $51,000. Sound Income Strategies LLC acquired a new stake in DoubleLine Mortgage ETF during the 1st quarter valued at approximately $101,000. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in DoubleLine Mortgage ETF during the 1st quarter valued at approximately $203,000. Finally, Flow Traders U.S. LLC acquired a new stake in DoubleLine Mortgage ETF during the 2nd quarter valued at approximately $205,000.
DoubleLine Mortgage ETF Price Performance
Shares of DMBS stock traded down $0.02 during trading hours on Friday, reaching $48.94. The company had a trading volume of 26,748 shares, compared to its average volume of 84,335. DoubleLine Mortgage ETF has a twelve month low of $48.19 and a twelve month high of $50.54. The stock’s fifty day simple moving average is $49.12 and its 200 day simple moving average is $49.55.
DoubleLine Mortgage ETF Company Profile
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.