DoubleLine Mortgage ETF (NYSEARCA:DMBS) Sees Large Drop in Short Interest

DoubleLine Mortgage ETF (NYSEARCA:DMBS) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 11,708 shares, a decrease of 81.1% from the April 30th total of 61,813 shares. Based on an average daily trading volume, of 65,722 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of DoubleLine Mortgage ETF

Hedge funds have recently modified their holdings of the business. Gradient Investments LLC grew its holdings in shares of DoubleLine Mortgage ETF by 10.2% during the fourth quarter. Gradient Investments LLC now owns 2,653,434 shares of the company’s stock valued at $131,756,000 after buying an additional 246,617 shares in the last quarter. Advocacy Wealth Management LLC purchased a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter worth approximately $48,488,000. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of DoubleLine Mortgage ETF by 0.4% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 954,379 shares of the company’s stock worth $47,414,000 after purchasing an additional 3,946 shares during the period. Captrust Financial Advisors acquired a new stake in shares of DoubleLine Mortgage ETF during the fourth quarter worth approximately $46,036,000. Finally, Osaic Holdings Inc. grew its position in DoubleLine Mortgage ETF by 5.4% during the fourth quarter. Osaic Holdings Inc. now owns 781,023 shares of the company’s stock valued at $38,782,000 after purchasing an additional 40,253 shares in the last quarter.

DoubleLine Mortgage ETF Price Performance

DoubleLine Mortgage ETF stock opened at $48.97 on Thursday. The firm’s 50 day simple moving average is $49.21 and its 200-day simple moving average is $49.62. DoubleLine Mortgage ETF has a fifty-two week low of $47.96 and a fifty-two week high of $50.54.

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.