Short Interest in DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Decreases By 75.0%

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 14,849 shares, a drop of 75.0% from the May 14th total of 59,317 shares. Based on an average daily volume of 18,422 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On DoubleLine Asset-Backed Securities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC boosted its position in DoubleLine Asset-Backed Securities ETF by 8.7% during the fourth quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock worth $55,925,000 after purchasing an additional 87,563 shares during the period. Focus Partners Wealth bought a new position in DoubleLine Asset-Backed Securities ETF during the third quarter worth $172,637,000. Beam Wealth Advisors Inc. boosted its position in DoubleLine Asset-Backed Securities ETF by 9.0% during the fourth quarter. Beam Wealth Advisors Inc. now owns 276,379 shares of the company’s stock worth $14,070,000 after purchasing an additional 22,905 shares during the period. Asset Advisors Investment Management LLC bought a new stake in shares of DoubleLine Asset-Backed Securities ETF during the fourth quarter worth approximately $7,803,000. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of DoubleLine Asset-Backed Securities ETF by 119.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 102,278 shares of the company’s stock worth $5,207,000 after acquiring an additional 55,711 shares during the period.

DoubleLine Asset-Backed Securities ETF Trading Up 0.3%

DoubleLine Asset-Backed Securities ETF stock traded up $0.14 during midday trading on Thursday, reaching $50.53. 16,154 shares of the company’s stock were exchanged, compared to its average volume of 16,655. The stock’s 50-day simple moving average is $50.56 and its 200 day simple moving average is $50.83. DoubleLine Asset-Backed Securities ETF has a 52 week low of $50.15 and a 52 week high of $54.15.

DoubleLine Asset-Backed Securities ETF Company Profile

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.