Short Interest in DoubleLine Mortgage ETF (NYSEARCA:DMBS) Grows By 70.4%

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 68,500 shares, a growth of 70.4% from the September 30th total of 40,200 shares. Based on an average trading volume of 60,500 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 60,500 shares, the days-to-cover ratio is presently 1.1 days.

DoubleLine Mortgage ETF Price Performance

Shares of DMBS opened at $49.85 on Monday. DoubleLine Mortgage ETF has a 12-month low of $46.84 and a 12-month high of $50.21. The stock’s fifty day simple moving average is $49.77 and its 200-day simple moving average is $49.01.

Hedge Funds Weigh In On DoubleLine Mortgage ETF

Several large investors have recently made changes to their positions in the company. Gradient Investments LLC lifted its stake in shares of DoubleLine Mortgage ETF by 28.3% during the third quarter. Gradient Investments LLC now owns 2,406,817 shares of the company’s stock valued at $119,571,000 after acquiring an additional 531,491 shares during the period. Cobblestone Capital Advisors LLC NY lifted its stake in shares of DoubleLine Mortgage ETF by 0.8% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 950,433 shares of the company’s stock valued at $46,638,000 after acquiring an additional 7,973 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of DoubleLine Mortgage ETF by 2.2% during the third quarter. Evergreen Capital Management LLC now owns 660,111 shares of the company’s stock valued at $32,794,000 after acquiring an additional 14,386 shares during the period. CW Advisors LLC lifted its stake in shares of DoubleLine Mortgage ETF by 10.3% during the second quarter. CW Advisors LLC now owns 644,973 shares of the company’s stock valued at $31,649,000 after acquiring an additional 60,480 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of DoubleLine Mortgage ETF by 6.0% during the first quarter. Envestnet Asset Management Inc. now owns 460,558 shares of the company’s stock valued at $22,590,000 after acquiring an additional 26,066 shares during the period.

About DoubleLine Mortgage ETF

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.