Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Decreases By 66.6%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,117 shares, a drop of 66.6% from the April 30th total of 18,304 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 10,807 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On DoubleLine Multi-Sector Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in DoubleLine Multi-Sector Income ETF during the 1st quarter valued at approximately $38,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in DoubleLine Multi-Sector Income ETF during the 1st quarter valued at approximately $282,000. Jane Street Group LLC purchased a new position in DoubleLine Multi-Sector Income ETF during the 1st quarter valued at approximately $360,000. JPMorgan Chase & Co. purchased a new position in DoubleLine Multi-Sector Income ETF during the 3rd quarter valued at approximately $756,000. Finally, Intrepid Financial Planning Group LLC grew its holdings in DoubleLine Multi-Sector Income ETF by 92.2% during the 3rd 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 in the last quarter.

DoubleLine Multi-Sector Income ETF Stock Up 0.1%

DMX traded up $0.05 on Friday, hitting $50.31. 7,013 shares of the company’s stock traded hands, compared to its average volume of 12,122. The company’s 50 day simple moving average is $50.16 and its 200-day simple moving average is $50.39. DoubleLine Multi-Sector Income ETF has a one year low of $49.75 and a one year high of $50.87.

About DoubleLine Multi-Sector Income ETF

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.