DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Stock Price Down 0% – Here’s What Happened

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX)’s stock price dropped 0% during trading on Friday . The stock traded as low as $50.66 and last traded at $50.66. Approximately 4,516 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 12,886 shares. The stock had previously closed at $50.67.

DoubleLine Multi-Sector Income ETF Stock Performance

The firm’s 50-day moving average is $50.60 and its 200-day moving average is $50.53.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of DoubleLine Multi-Sector Income ETF by 31.1% during the second quarter. Jane Street Group LLC now owns 9,480 shares of the company’s stock valued at $478,000 after purchasing an additional 2,249 shares in the last quarter. Sanctuary Advisors LLC lifted its position in DoubleLine Multi-Sector Income ETF by 3.8% during the fourth quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock valued at $6,346,000 after buying an additional 4,638 shares during the period. Intrepid Financial Planning Group LLC lifted its position in DoubleLine Multi-Sector Income ETF by 92.2% during the third quarter. Intrepid Financial Planning Group LLC now owns 15,318 shares of the company’s stock valued at $777,000 after buying an additional 7,348 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of DoubleLine Multi-Sector Income ETF during the 3rd quarter valued at $756,000. Finally, Seascape Capital Management grew its position in shares of DoubleLine Multi-Sector Income ETF by 21.6% in the 4th quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock worth $7,443,000 after buying an additional 26,216 shares during the period.

DoubleLine Multi-Sector Income ETF Company Profile

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.