DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Sees Significant Drop in Short Interest
by Jessica Moore · The Cerbat GemDoubleLine Opportunistic Bond ETF (NYSEARCA:DBND – Get Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 46,691 shares, a drop of 40.7% from the December 15th total of 78,683 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 44,991 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 44,991 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.
DoubleLine Opportunistic Bond ETF Stock Down 0.2%
Shares of DBND traded down $0.09 during trading hours on Friday, hitting $46.39. 45,522 shares of the stock were exchanged, compared to its average volume of 46,804. The stock’s 50-day moving average price is $46.45 and its two-hundred day moving average price is $46.35. DoubleLine Opportunistic Bond ETF has a 12-month low of $44.92 and a 12-month high of $47.05.
Institutional Trading of DoubleLine Opportunistic Bond ETF
A number of hedge funds have recently bought and sold shares of DBND. Bank of America Corp DE purchased a new stake in shares of DoubleLine Opportunistic Bond ETF in the third quarter valued at approximately $125,000. Beacon Capital Management Inc. acquired a new position in DoubleLine Opportunistic Bond ETF during the second quarter worth $165,000. Triad Wealth Partners LLC purchased a new stake in DoubleLine Opportunistic Bond ETF in the 3rd quarter valued at $215,000. Clear Creek Financial Management LLC acquired a new stake in shares of DoubleLine Opportunistic Bond ETF in the 2nd quarter worth $239,000. Finally, Ameriflex Group Inc. purchased a new position in shares of DoubleLine Opportunistic Bond ETF during the 2nd quarter worth $257,000.
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.