Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Sees Significant Decline in Short Interest

by · The Markets Daily

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 10,850 shares, a decrease of 76.8% from the July 15th total of 46,789 shares. Based on an average trading volume of 1,832 shares, the days-to-cover ratio is presently 5.9 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in Doubleline Fortune 500 Equal Weight ETF during the first quarter worth about $28,000. Mutual Advisors LLC lifted its position in shares of Doubleline Fortune 500 Equal Weight ETF by 4.4% in the 4th quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock worth $262,000 after acquiring an additional 347 shares during the period. Finally, Foundations Investment Advisors LLC lifted its position in shares of Doubleline Fortune 500 Equal Weight ETF by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock worth $14,262,000 after acquiring an additional 119,991 shares during the period.

Doubleline Fortune 500 Equal Weight ETF Price Performance

Shares of Doubleline Fortune 500 Equal Weight ETF stock traded up $0.04 during midday trading on Friday, hitting $37.72. The company had a trading volume of 4,306 shares, compared to its average volume of 5,176. Doubleline Fortune 500 Equal Weight ETF has a 1-year low of $30.10 and a 1-year high of $39.71. The business’s 50 day simple moving average is $36.20 and its two-hundred day simple moving average is $34.64. The stock has a market cap of $38.47 million, a PE ratio of 15.69 and a beta of 0.78.

Doubleline Fortune 500 Equal Weight ETF Company Profile

(Get Free Report)

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.

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